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  • 12-12-2022
  • Business
contestada

Assume that both the product and labor markets are perfectly competitive. It would be profitable for a firm to hire additional labor if the ratio of the wage to the marginal product of labor is
a. less than the output price
b. less than the marginal cost
c. greater than the output price
d. greater than the marginal cost
e. equal to the output price

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