A competitive profit maximising firm hires workers up to the point at which wage: a. Equals the marginal revenue that the worker's output earns for the firm O b. Equals the wage at which diminishing returns set in O c. Equals average revenue O d. Equals the price of the final good

A competitive profit maximising firm hires workers up to the point at which wage: a. Equals the marginal revenue that the worker's output earns for the firm O b. Equals the wage at which diminishing returns set in O c. Equals average revenue O d. Equals the price of the final good

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 3PA

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