The figure represents the value of marginal product for a firm that sells its product in a competitive market.
Figure 18-1
-Refer to Figure 18-1.To maximize profit,a firm will hire a quantity of labor
A) less than Q*.
B) greater than Q*.
C) equal to Q*.
D) that cannot be determined from the diagram.The labor supply curve is needed to make this determination.
Correct Answer:
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