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Question 128

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Figure: The Demand for Bricklayers Use the following to answer question: Figure: The Demand for Bricklayers -(Figure: The Demand for Bricklayers) Use Figure: The Demand for Bricklayers.Which statement is TRUE? A) Bricklayers should be hired whenever the value of the marginal product of bricklayers is greater than or equal to the market wage rate of bricklayers. B) The profit-maximizing condition for firms hiring bricklayers is where VMPL<sub>bricklayers</sub> is less than the market wage rate. C) The profit-maximizing condition for firms hiring bricklayers is where MP<sub>bricklayers</sub> equals the market wage rate. D) Bricklayers should be hired whenever the market wage rate of bricklayers is greater than the value of the marginal product of bricklayers.
-(Figure: The Demand for Bricklayers) Use Figure: The Demand for Bricklayers.Which statement is TRUE?


A) Bricklayers should be hired whenever the value of the marginal product of bricklayers is greater than or equal to the market wage rate of bricklayers.
B) The profit-maximizing condition for firms hiring bricklayers is where VMPLbricklayers is less than the market wage rate.
C) The profit-maximizing condition for firms hiring bricklayers is where MPbricklayers equals the market wage rate.
D) Bricklayers should be hired whenever the market wage rate of bricklayers is greater than the value of the marginal product of bricklayers.

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