The optimal hiring rule is to keep hiring laborers until the ________ of the last laborerhired.

Name: The optimal hiring rule is to keep hiring laborers until the ________ of the last laborerhired.
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The optimal hiring rule in economics is to continue hiring laborers until the wage rate equals the marginal revenue product (MRP) of the last laborer hired. This ensures that the cost of hiring an additional laborer (wage rate) is equal to the additional revenue generated by that laborer, maximizing profit.

The Optimal Hiring Rule Is to Keep Hiring Laborers Until