A profit maximizing price taker will produce

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Reference no: EM13726639

A profit maximizing price taker will produce at a level where

a. the wage equals the marginal product of labor

b.the marginal revenue product of labor equals the price of their output

c. the wage rate equals the price of their output

d. the marginal revenue product of labor equals the wge rate

Reference no: EM13726639

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