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Schedule form and graphically the labor demand curve

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Complete the labor demand table for a firm that is hiring labor competitively and selling its product in a purely competitive market.

a. How many workers will the firm hir if the market wage rate is $27.95? $19.95? Explain why the firm will not hire a larger or smaller number of units of labor at each of these wage rates.

b. Show in schedule form and graphically the labor demand curve of this firm.

Reference no: EM131263473

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