Hires labor and sells its product in competitive markets

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Reference no: EM131173107

Complete the labor demand table below for a firm that hires labor and sells its product in competitive markets.

a. How many workers (units of labor) will the firm hire if it wants to maximize its profit and the wage rate it must pay is $27.95 per worker?

b. How many workers will the firm hire if the wage rate is $19.95?

c. How many workers will the firm hire if the wage rate is $10.00?

Reference no: EM131173107

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