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In theory - firms are suppose to hire labor up the the point where the marginal revenue product equals the marginal factor cost. Explain what

In theory - firms are suppose to hire labor up the the point where the marginal revenue product equals the marginal factor cost. Explain what this means and do you find this to be true? When would this not be the case? Have you witnessed this not being the case in your own work experience? Bring in material from the chapter to support your answer.

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