Business
Business, 09.12.2021 02:30, xbeatdroperzx

A firm will be hiring labor and capital in profit-maximizing amounts when Multiple Choice MRP capital/MRP labor equals price of labor/price of capital. MRP capital/price of capital equals MRP labor/price of labor. the MRP of the last unit hired of both labor and capital are the same. MRP capital/price of capital equals MRP labor/price of labor equals 1.

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A firm will be hiring labor and capital in profit-maximizing amounts when Multiple Choice MRP capita...

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