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The supply curve is shown below. This tells us the number of workers willing to work for the firm at various wage rates. Supply curve
The supply curve is shown below. This tells us the number of workers willing to work for the firm at various wage rates. Supply curve Wage # of workers willing to work (quantity supply) 8 1 10 2 12 3 14 4 16 5 The relationship between # of workers and output is shown below. I have included space for other columns that you might want to fill in. # of Total Price Total Total MRP MC workers output revenue cost 1 9 2 18 8 18 8 2 17 2 34 20 16 12 3 24 + 2 48 36 14 16 4 30 2 60 56 12 20 5 35 N 70 80 10 24 +
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