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Question
A perfectly competitive firm discovers that its MRPL divided by the wage equals 1.25. The firm should
A) check the MRP of the other inputs and divide them by their prices. If they are all equal to 1.25 it is maximizing profits.
B) hire more labor.
C) purchase more capital.
D) try to pay a lower wage rate.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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