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Marginal revenue product of labor

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Reference no: EM131298664

Lepita grows cantaloupes in central Florida. She is in a perfectly competitive market. Assuming that Lupita wants to maximize profit, she will hire workers until the marginal revenue product of labor is

a. more than the wage

b. less than the wage

c. double the wage

d. more than the average fixed cost

e. equal to the wage

Reference no: EM131298664

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