Graph 18-1 This Graph Represents the Value of Marginal

question 55

Multiple Choice

Graph 18-1 This graph represents the value of marginal product for a firm that sells its product in a competitive market.Use the graph to answer the following question(s) .
-Refer to Graph 18-1.To maximise profit, a firm would hire labour at a level:

• A)greater than Q*
• B)equal to Q*
• C)less than Q*
• D)there is not enough information; the supply curve is needed to make this decision

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