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Marginal revenue product curve

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Reference no: EM131449108

Draw a diagram showing the perfectly competitive, profit-maximizing firm's long-run demand curve for labor in relation to its marginal revenue product (or value of marginal product) curves. Make your diagram large and label all curves, axes, and points. Explain why the long-run demand curve for labor is related to more than one marginal revenue product curve.

Reference no: EM131449108

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