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To Answer the Question,refer to the Following Figure,showing the Marginal

Question 40

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To answer the question,refer to the following figure,showing the marginal revenue product (MRP) and the average revenue product (ARP) curves of a perfectly competitive firm hiring a single variable input,labor. To answer the question,refer to the following figure,showing the marginal revenue product (MRP) and the average revenue product (ARP) curves of a perfectly competitive firm hiring a single variable input,labor. If the wage is $20,how many workers will the firm hire? A) 225 B) 175 C) 200 D) zero If the wage is $20,how many workers will the firm hire?


A) 225
B) 175
C) 200
D) zero

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