• 2022-06-16
    A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the marginal product of labor
    A: 正确
    B: 错误
  • B

    内容

    • 0

      A competitive firm hires labor until the marginal product of labor equals the A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.

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      A competitive firm hires labor until the marginal product of labor<br/>equals the ____ A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.

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      A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.

    • 3

      A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误

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      A profit-maximizing firm in a competitive market will increase production when average revenue exceeds marginal cost. A: 正确 B: 错误