A profit maximizing firm in a competitive market should stop employing additional units of a factor when a) marginal product of the factor is maximized b) value of the marginal product of the factor equals the price of the factor c) marginal cost of employing the factor is minimized d) price of th...

A profit-maximizing firm in a competitive market should stop employing additional units of a factor when:...

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Microeconomics An Intuitive Approach with Calculus

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Authors: Thomas Nechyba

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