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Home Q & A Board Other Fields Homework Help Business Economics
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MrsAngelD MrsAngelD
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6 years ago
In the long run, a competitive firm has a marginal product of labor, MPL = L-1. The output price is $20 per unit and the wage is $7.25 per hour. The long-run labor demand curve for the firm is
A) 20L-0.05.
B) 7.25L-0.05.
C) 20L-1.
D) 7.25L-1.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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6 years ago
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MrsAngelD Author
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6 years ago
this is exactly what I needed
kiara23247843
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Thanks for your help!!
MAry1395
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This calls for a celebration Person Raising Both Hands in Celebration
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