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Question #47820

A profit-maximizing firm will hire labour until _ equals the ___?

Options:

A) marginal revenue, marginal cost

B) long run marginal revenue, long run marginal cost

C) labor output ratio, capital output ratio

D) marginal cost of labor, marginal revenue product

Answer: A profit-maximizing firm will hire labour until marginal cost of labor, marginal revenue product equals the marginal cost of labor, marginal revenue product.

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