Question:

Maximize Profit - Economics?

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To maximize profit, a firm hires the quantity of labor that makes the ____________.

value of marginal product equal to the wage rate

value of marginal product equal to marginal revenue

value of marginal product equal to the total labor cost

total revenue from labor equal to the total cost of labor

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  1. value of marginal product equal to the total labor cost

    this is based off a C+ in microeconomics

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