What price do you pay for labor per unit

Reference no: EM132151394

Question: You are the only firm in town, and your demand for labor follows the schedule P = 100 - 2Q, where P is the price and Q is the quantity. The price you pay for labor depends on the amount that you hire, according to the schedule P = 10 + 4Q. What price do you pay for labor per unit?

Reference no: EM132151394

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