Illustrate what economic decision makers determine demand

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Consider the following data: equilibrium price = $7.50, quantity of output produced = 100 units, average total cost = $9, and average variable cost = $8. What will the firm do and why?

Answer each of the following questions about the labor market: Illustrate what economic decision makers determine the demand for labor? What is their goal, and what decision criteria do they use in trying to reach that goal?

Reference no: EM1347856

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