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Given the following information, complete the tables as shown and determine the approximate number of workers to be hired by the firm in equilibrium. Output

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Given the following information, complete the tables as shown and determine the approximate number of workers to be hired by the firm in equilibrium.

OutputWorkersWagePrice of OutputTotal Labor CostTotal RevenueProfitMarginal RevenueMarginal Cost
00$ -------
41$10.006$10.00$24.00$6.00$2.50
82$11.006
123$12.106
164$13.316
205$14.646
246$16.116
287$17.726
328$19.496
369$21.446
4010$23.586
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2. To ll the blanks, use the following equations Total Labor Cost = Wage * # of Workers Total Revenue # of Output =1: Price of Output Profit = Total Revenue Total Labor Cost A Total Revenue A Output Marginal Revenue A Total Cost A Output Marginal Cost After lling the table, identify the largest prots or MR=MC

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