Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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