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Home Q & A Board Other Fields Homework Help Business Economics
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Llanis Llanis
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6 years ago
In the short run, a competitive firm has a marginal product of labor, MPL = 5L-0.5. The output price is $10 per unit and the wage is $7 per hour. The short-run labor demand curve for the firm is
A) 5 L-0.5.
B) 15L-0.5.
C) 35 L-0.5.
D) 50 L-0.5.
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Microeconomics

Microeconomics


Edition: 6th
Author:
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TecShdwTecShdw
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6 years ago
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Llanis Author
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6 years ago
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