If a profit-maximizing firm faces a perfectly elastic supply curve of labour, it will hire more labour
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Question:
If a profit-maximizing firm faces a perfectly elastic supply curve of labour, it will hire more labour
Question 1 options:
a)
to where the wage rate equals the marginal product of labour
b)
as long as the wage rate exceeds the product's marginal factor cost
c)
as long as the product's price exceeds the wage rate
d)
All of the above
e)
None of the above
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