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    Principles of Microconomics
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    Exam 10: Input Demand: the Labor and Land Markets
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    If the Firm Is Using Only One Variable Input, Explain
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If the Firm Is Using Only One Variable Input, Explain

Question 39

Question 39

Essay

If the firm is using only one variable input, explain why the condition W = MRPL is the same condition as P = MC.

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In both cases, the firm compares costs w...

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