A Profit-Maximizing Firm Will Hire Additional Units of Labor Until

question 300

Multiple Choice

A profit-maximizing firm will hire additional units of labor until

• A) the additional cost of hiring the last worker equals the additional revenue generated by that worker.
• B) the additional cost of hiring the last worker equals the marginal factor cost of the worker.
• C) the extra revenue from hiring the last worker equals the marginal physical product of labor.
• D) the extra cost from hiring the last worker equals the cost of the product.