When a Firm Hires Labour Up to the Point Where

question 116

Multiple Choice

When a firm hires labour up to the point where the wage is equal to the value of the marginal product of labour,what is it doing

• A)It is minimizing labour costs.
• B)It is minimizing the number of workers it can hire.
• C)It is maximizing the number of workers it can hire.
• D)It is maximizing profit.

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