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Blakksheep33 Blakksheep33
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Consider labour hired for $1000 per week. If the last week of labour hired produces 0.25 units of output which sells for $5000 per unit, ________ labour should be hired in this situation since the wage is ________ MRP.

▸ more; greater than

▸ no; equal to

▸ less; less than

▸ less; greater than

▸ more; less than
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Microeconomics

Microeconomics


Edition: 17th
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keeton1989keeton1989
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