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The Diagram Below Shows the MRP Curve for a Firm

Question 116

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The diagram below shows the MRP curve for a firm producing copper plumbing pipe.The factor of production being considered here is hours of labour. The diagram below shows the MRP curve for a firm producing copper plumbing pipe.The factor of production being considered here is hours of labour. FIGURE 13-1 -Refer to Figure 13-1.Suppose this firm has the marginal revenue product curve MRP<sub>1</sub>.At a wage rate of $12,the profit-maximizing firm will hire ________ units of labour. A) 100 B) 120 C) 140 D) 160 E) 180 FIGURE 13-1
-Refer to Figure 13-1.Suppose this firm has the marginal revenue product curve MRP1.At a wage rate of $12,the profit-maximizing firm will hire ________ units of labour.


A) 100
B) 120
C) 140
D) 160
E) 180

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