Suppose that the total product of labor per Day) for a firm is given by:
TP_L = 88L - 7.5L²
a. Find the MP_L function.
b. How many workers should the firm employ if the wage rate is $156.00 per day and the NMR_L is $12.00?

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The Answer of Suppose that the total product of labor per Day) for a firm is given by: TP_L = 88L - 7.5L² a. Find the MP_L function. b. How many workers should the firm employ if the wage rate is $156.00 per day and the NMR_L is $12.00?

Suppose That the Total Product of Labor Per Day) for a Firm