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ARP, MRP 40 35 30 Marginal and average revenue products 25 ARP 20 15 10 5 MRP 0 50 - L 100 150 200 250

ARP, MRP 40 35 30 Marginal and average revenue products 25 ARP 20 15 10 5 MRP 0 50 - L 100 150 200 250 Labor (workers per week) If the wage is above $ , the firm will shut down and hire zero workers in the short run. a. $41 b. $30 C . $34 2 $32

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