Let MP = marginal product, P = output price, and W = wage, then the equation - 3604

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Request Description

Let MP = marginal product, P = output price, and W = wage, then the equation that represents the condition where a competitive firm would hire another worker is 

A. P × MP > W.

B. P × W > MP.

C. P × MP < W.

D. P × MP = W.

 
Solution Description

Let MP = marginal product, P = output price, and W = wage, th