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Question regarding the optimal quantity of labor

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Reference no: EM131063660

Assume the price of output is p = 10 dollars, the marginal product of labor is given by the equation MPL = 20 - (1/2)L, and the price of labor is wL = 100 dollars. Then, the optimal quantity of labor is

A) 5 Workers
B) 10 Workers
C) 20 Workers
D) 25 Workers

Reference no: EM131063660

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