What is current prevailing weekly wage rate in labor market

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A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750. What is the current prevailing weekly wage rate in the labor market? PLEASE SHOW WORK

Reference no: EM13733339

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