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Employers continue to hire until marginal revenue of the last hire equals their wage rate because as per the first labor market theory assumption A...
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14.

Employers continue to hire until marginal revenue of the last hire equals their wage rate because as per the first labor market theory assumption:

A. markets are competitive.B. pay rates reflect all costs of employment.C. employers seek to maximize profits.D. workers are homogeneous and interchangeable.
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Subject: Business

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