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please give me explanation for each answer. thank a lot. question eco Q Home Insert Draw Design Layout References Mailings Review View ? Tell me

please give me explanation for each answer. thank a lot.

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question eco Q Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments proxima-no... ~ 13.5 " A" A Aa Po REEVEVEE 24 T AaBbCcDdEe AaBbCcDdEe AaBb AaBbCcDdE AaBb( AaBbCcDdEe AaBbCcDdEe Paste BIUvab x x A LA. Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle Emph Styles Dictate Pane Question 5: Use the labor demand data on the left and the labor supply data on the right in answering the next question. The firm will maximize profits (or minimize losses) by employing Labor Demand Data Labor Supply Data Marginal Product Employment Revenue Price Employment Wage Rate 0 0 $3 0 $11 14 11 12 W 11 9 11 -J 11 4 11 3 11 . 5 workers./4 workers./3 workers./2 workers. Question 6: A firm operating in a purely competitive labor market has the following marginal revenue product schedule. If the wage rate decreases from $17 to $13, by how + much will the firm expand employment? Workers MRP 1 $24 2 22 3 20 4 18 5 16 6 14 12 5 Workers/4 workers/3 workers/2 workers Page 5 of 5 693 words English (United States) Focus E + 142%

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