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Profit maximizing level of employment

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Suppose a firm's labor supply curve is E = 5W, where W is the hourly wage. If the firm's marginal revenue product (MRPL) = 240 - 2E, what is the profit maximizing level of employment (E*), and what is the wage level (W*) the firm would have to pay to obtain E* workers?

 

Reference no: EM132339196

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