Explain the rule that profit-maximizing firms follow when they decide how much capital and labor to hire.

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:24 AM

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Explain the rule that profit-maximizing firms follow when they decide how much capital and labor to hire.

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Hire workers until the cost of one more worker in wages is just equal to the benefit of having ...View the full answer

Macroeconomics

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