The Marginal Product of Labor Curve for Coast to Coast

question 57

Multiple Choice

The marginal product of labor curve for Coast to Coast, a standup paddle board outfitter, is MRP_L = 500 -100L, where L is the number of guides hired per week and MRP_L is dollars earned per guide per week. The prevailing market wage is $200 per week. The optimal number of labor for Coast to Coast to hire is ____.

• A) 2
• B) 3
• C) 4
• D) 5

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