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A firm will find it profitable to hire workers up to the point at which their Multiple Choice MP is equal to their MRP. wage rate equals product price. marginal resource cost equals their wage rate. marginal resource cost is equal to their MRP.

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The appropriate answer for this question should be option D . where the marginal resource cost is equal to their MRP.

What is profit maximization of labor?

A business that seeks to maximize profits will hire workers up until the wage rate exceeds the marginal output of labor. The firm should increase hiring if the marginal product of labor exceeds the wage rate until the two quantities are equal.

According to the profit-maximizing rule, a company recruits workers up until MRP = MRC (or MRP = W in competitive labor markets).

Thus, option D is satisfying the condition of the profitability of the firm.

Learn more about labor profit maximization:

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