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The Labor Supply Curve Faced by a Large Firm in a Small

question 15

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The labor supply curve faced by a large firm in a small city is given by w = 160 + 0.02L, where L is the number of units of labor per week hired by the large firm and w is the weekly wage rate that it pays.If the firm is currently hiring 1,000 units of labor per week, then the marginal cost of a unit of labor to the firm


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