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Show that a competitive entrepreneur to maximize his economic utility can use either of the following 2 conditions: MPV L = W e or alternatively

Show that a competitive entrepreneur to maximize his economic utility can use either of the following 2 conditions: MPV_L = W^e or alternatively P^ex = CMg (Qx). Explain VERBALLY, GRAPHICALLY and ALGEBRAICALLY.

Note: W^e is equilibrium wage and MPV_L = Marginal Productivity Value of Labor factor

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