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To maximize profit, a firm hires the quantity of labour at which Question 11 options: the value of marginal product of labour equals the wage
To maximize profit, a firm hires the quantity of labour at which Question 11 options: the value of marginal product of labour equals the wage rate the wage rate paid to the labour equals the marginal cost of production there is no more labour available at the market wage rate
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Foundations Of Economics
Authors: Robin Bade, Michael Parkin
9th Edition
9780135897478, 0135897475
