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12)Suppose the marginal product of labor equals 1/L. If the competitive firm can sell its output for $100 per unit, and the wage is $1
12)Suppose the marginal product of labor equals 1/L. If the competitive firm can sell its output for $100 per unit, and the wage is $1 per unit, how many units of labor will the firm hire?
A) 0
B) 1
C) 10
D) 100
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