Nanamoney85321 Nanamoney85321

14-12-2022
Business

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In the benchmark competitive case, the firm will expand the hiring of employees until the marginal revenue product is:
1) less than the market wage rate.
2) equal to the market wage rate.
3) greater than the market wage rate.
4) the square of the market wage rate.
Answer: 2) equal to the market wage rate.

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