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To Answer the Question,refer to the Following Figure,showing the Marginal

Question 12

Multiple Choice

To answer the question,refer to the following figure,showing the marginal revenue product MRP) and the average revenue product ARP) curves of a perfectly competitive firm hiring a single variable input,labor. To answer the question,refer to the following figure,showing the marginal revenue product MRP) and the average revenue product ARP) curves of a perfectly competitive firm hiring a single variable input,labor. If the wage is $15,how many workers will the firm hire? A) 250 B) zero C) 100 D) 200 If the wage is $15,how many workers will the firm hire?


A) 250
B) zero
C) 100
D) 200

Correct Answer:

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