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In order to maximize profit, the firm should hire workers and buy capital until a. the marginal product per dollar of labor equals the marginal
In order to maximize profit, the firm should hire workers and buy capital until
- a. the marginal product per dollar of labor equals the marginal product per dollar of capital
- b. the wage of labor equals the cost of capital
- c. the marginal revenue product per dollar cost is equal for labor and capital
- d. the marginal product of labor equals the marginal product of capital
- e. the number of workers equals the number of pieces of capital
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