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QUESTION
"The firm hires the factor up to the point where the value of the factor's marginal product is equal to the factor's price." This statement applies
"The firm hires the factor up to the point where the value of the factor's marginal product is equal to the factor's price." This statement applies to which factor of production?
a.labor only
b.land only
c.capital only
d.land, labor, and capital
