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

Question 65

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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 above $______,the firm will shut down and hire zero workers in the short run. A) $41 B) $30 C) $34 D) $32 If the wage is above $______,the firm will shut down and hire zero workers in the short run.


A) $41
B) $30
C) $34
D) $32

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