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The owner of a factory that produces soccer balls determines that his marginal product is at its peak when he has 100 employees. He determines
The owner of a factory that produces soccer balls determines that his marginal product is at its peak when he has 100 employees. He determines that his marginal cost and marginal revenue are equal when he has 150 employees. What number of employees should he hire in order to maximize his profits? Explain the reason for your answer.
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