A Firm Faces Competitive Markets for Its Inputs and Its

question 46

Multiple Choice

A firm faces competitive markets for its inputs and its output.At the profit-maximizing level of output,its marginal cost is $10 and the wage paid is $2.If the MPL = L^-0.5,how many workers will be hired by the firm?

• A) 35
• B) 40
• C) 25
• D) 5

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