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Suppose the price for a firm's product is $10 and the going wage rate is $20. Solve for the firm's optimal quantity of labor hired
Suppose the price for a firm's product is $10 and the going wage rate is $20. Solve for the firm's optimal quantity of labor hired if the firm's marginal product of labor is given by M Py, = 100 2L 50 49 45 40
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