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28 Sep 2019
Explain why, in a perfectly competitive environment, a profit-maximizing firm will increase its labor force up to the number of workers that equates the prevailing wage rate to the value of the marginal product of labor (the marginal revenue product of labor).
Explain why, in a perfectly competitive environment, a profit-maximizing firm will increase its labor force up to the number of workers that equates the prevailing wage rate to the value of the marginal product of labor (the marginal revenue product of labor).
Joshua StredderLv10
28 Sep 2019
