Compute the demand schedule the number of workers hire

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Reference no: EM13201291

Suppose that labor is the only input used by a perfectly competitive firm. The firm's production function is as follows:

Days of Labor Units of Output
0 0
1 7
2 13
3 19
4 25
5 28
6 29
7 29

c) compute the demand schedule showing the number of workers hired for all wages from zero to $100 a day.

d) grap the demand curve.

e) What happens to this demand curve if the price of output rises from $10 to $12 per unit?

Reference no: EM13201291

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