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Question
A profit-maximizing firm in a competitive market will continue to hire more workers when
A) the marginal factor cost exceeds the marginal revenue product of the additional workers.
B) the marginal factor cost equals the marginal revenue product of the additional workers.
C) the marginal factor cost is less than the marginal revenue product of the additional workers.
D) the marginal factor cost is less than zero.
Answer
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Related questions
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