Multiple Choice
The marginal product of labor curve for Coast to Coast, a standup paddle board outfitter, is MRPL = 500 -100L, where L is the number of guides hired per week and MRPL is dollars earned per guide per week. The prevailing market wage is $200 per week. The optimal number of labor for Coast to Coast to hire is ____.
A) 2
B) 3
C) 4
D) 5
Correct Answer:

Verified
Correct Answer:
Verified
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