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Question #48885

A competitive profit-maximizing firm should hire workers up to the point where ?

Options:

A) the wage, the rental price of capital and the rental price of land are all equal

B) the marginal product of labor equals zero and the production function is maximized

C) the value of the marginal product of labor equals the wage

D) the marginal product of labor equals the wage

Answer: A competitive profit-maximizing firm should hire workers up to the point where the value of the marginal product of labor equals the wage.

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