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A Manager of a Firm with Market Power Faces the Marginal

Question 41

Multiple Choice

A manager of a firm with market power faces the marginal revenue product and average revenue product curves shown below.The firm incurs weekly fixed costs of $1,800.The firm employs a single variable input,labor,which costs $600 per worker each week. A manager of a firm with market power faces the marginal revenue product and average revenue product curves shown below.The firm incurs weekly fixed costs of $1,800.The firm employs a single variable input,labor,which costs $600 per worker each week. Given the above,in order to maximize profit,the manager should hire ________ workers per week. A) 9 B) 10 C) 12 D) 18 Given the above,in order to maximize profit,the manager should hire ________ workers per week.


A) 9
B) 10
C) 12
D) 18

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