Up to what point does a competitive,profit-maximizing firm hire workers

Question

Quizplus · Accepted Answer

A profit-maximizing firm would hire workers until the point where the value of the marginal product (which is the marginal product multiplied by the price of the output) equals the wage rate. This is because the firm wants to ensure that the revenue generated by each additional worker is at least equal to the cost of hiring that worker, which is the wage rate. Therefore, the firm would be willing to hire additional workers as long as their contributions to the firm's output (measured by their marginal product) generate enough revenue (measured by the value of their marginal product) to cover their wage costs.

Up to What Point Does a Competitive,profit-Maximizing Firm Hire Workers