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AndrewKraus AndrewKraus
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7 years ago
Assume that a perfectly competitive firm hires workers from a perfectly competitive market for labor. The marginal product of a worker is 10 units per day. If the good that the worker produces is sold for $5, what is the maximum daily wage that should be offered to the worker?
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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7 years ago
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AndrewKraus Author
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#2
7 years ago
Excellent answer, thx
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