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Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. Units of Labor Total
Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. Units of Labor Total Product Marginal Product Total Revenue0 0 1 14 14 $ 842 10 3 30 1804 35 5 39 2346 2527 44 2 264 At what price does each shoe shine sell?Multiple Choice$6$5$4$3
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