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Suppose a perfectly competitive firm can maximize profit by hiring one more unit of labor, this extra unit of labor will make 6 more units of output. If it can sell each additional unit of $3 what is

Suppose a perfectly competitive firm can maximize profit by hiring one more unit of labor, this extra unit of labor will make 6 more units of output. If it can sell each additional unit of $3 what is the price of labor?

Apr 26 2021 View more View Less

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