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corie corie
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Maureen's Custodial Services has a monopoly in custodial services in the local community.  The relevant marginal revenue of custodial services as a function of labor employment is: 
   MR(L) = 70 - 0.029L.
The marginal product of labor in providing custodial services is 0.1.  Maureen is a price taker in the labor employment market and the market price of labor is $6.  Determine Maureen's optimal employment of labor.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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