The diagram below shows the MRP curve for a firm producing high school math textbooks. The factor of production being considered here is hours of labour. FIGURE 13- 2
-Refer to Figure 13- 2. Suppose this firm has the marginal revenue product curve MRP1. At a wage rate of $12, the profit- maximizing firm will hire units of labour.
A) 160
B) 140
C) 120
D) 180
E) 100

Question

The diagram below shows the MRP curve for a firm producing high school math textbooks. The factor of production being considered here is hours of labour.  FIGURE 13- 2
-Refer to Figure 13- 2. Suppose this firm has the marginal revenue product curve MRP1. At a wage rate of $12, the profit- maximizing firm will hire units of labour.
A) 160 
B) 140 
C) 120 
D) 180 
E) 100

Quizplus · Accepted Answer

The Answer of The diagram below shows the MRP curve for a firm producing high school math textbooks. The factor of production being considered here is hours of labour.  FIGURE 13- 2
-Refer to Figure 13- 2. Suppose this firm has the marginal revenue product curve MRP1. At a wage rate of $12, the profit- maximizing firm will hire units of labour.
A) 160 
B) 140 
C) 120 
D) 180 
E) 100

The Diagram Below Shows the MRP Curve for a Firm