Explain how the method used to determine the profit-


Explain how the method used to determine the profit- maximizing level of output in product markets (i.e., MR = MC) can be applied to the labor market to determine the most profitable number of employees a firm should hire. Can you restate the equation to make it fit the labor market? Provide a brief explanation also.

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Business Economics: Explain how the method used to determine the profit-
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