To maximize profit, a firm hires the quantity of labor that makes the ________ of labor equal to the ________.

Name: To maximize profit, a firm hires the quantity of labor that makes the ________ of labor equal to the ________.
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Question

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To maximize profit, a firm hires labor until the value of the marginal product of labor equals the wage rate, ensuring that the cost of hiring an additional worker is justified by the revenue they generate.

To Maximize Profit, a Firm Hires the Quantity of Labor