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A Firm Purchasing Labor in a Competitive Market Has the Following

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A firm purchasing labor in a competitive market has the following marginal revenue product curve: A firm purchasing labor in a competitive market has the following marginal revenue product curve:   The current equilibrium wage is $10 and the firm is currently hiring 6 workers. The manager tells you that he is considering hiring another worker and asks your advice. Should he? Explain. The current equilibrium wage is $10 and the firm is currently hiring 6 workers. The manager tells you that he is considering hiring another worker and asks your advice. Should he? Explain.

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I would tell him that he should hire the...

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