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Unformatted text preview: How many worke firm hire when the wage rate is $30 per day? $60 per day? (Hint: The margina of labor is 12 - 2L.) MRP L = ( MR )( MP L ). w = ( MR )( MP L ) MR = 10 here L is d for labor ers will the al product MP L = 12-2L...
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This note was uploaded on 03/25/2010 for the course MBAC 6605 taught by Professor Smith during the Spring '10 term at Baylor.
- Spring '10