ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Firm X sells output at a price of $8
marginal product of labor is given by: MPL = 12 – .1L. To maximize profit, the firm should
utilize
per
unit and
рays
labor
a wage
of $20 per hour. The
hours of labor.
a) 75
b) 80
c) 85
d) 90
e) 95
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Transcribed Image Text:Firm X sells output at a price of $8 marginal product of labor is given by: MPL = 12 – .1L. To maximize profit, the firm should utilize per unit and рays labor a wage of $20 per hour. The hours of labor. a) 75 b) 80 c) 85 d) 90 e) 95
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