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At a level of output, the price of output is $20, the marginal product of labou…
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Wize University Microeconomics Textbook > Labor Market
Profit Maximization in Labor Market
2 Activities
At a level of output, the price of output is $20, the marginal product of labour is $240, and the wage is $12. The firm in this question
a) can increase its profit by decreasing the quantity of labour hired
b) is maximizing its profit
c) can increase its profit by increasing the quantity of labour it hired
d) has a negative profit
I don't know
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