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PaulKet PaulKet
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Posts: 488
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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) 5L-0.5.
B) 15L-0.5.
C) 35L-0.5.
D) 50L-0.5.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 73 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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