Order the answer to: We showed above that a profit-maximizing firm will hire the

Assignment Help business-economics Order the answer to: We showed above that a profit-maximizing firm will hire the

business-economics

Order the answer to: We showed above that a profit-maximizing firm will hire the

Question We showed above that a profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor. But, as the text showed in an earlier chapter, a profit-maximizing firm will produce the quantity of output such that price equal marginal cost. Are these two rules inconsistent?
Subject business-economics
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