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In the Short Run,a Competitive Firm Has a Marginal Product

Question 18

Multiple Choice

In the short run,a competitive firm has a marginal product of labor,MPL = 2L-0.25.The output price is $4 per unit and the wage is $5 per hour.The short-run labor demand curve for the firm is


A) 10L-0.25.
B) 8L-0.5.
C) 4L0.25.
D) 8L-0.25.

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