The figure given below represents equilibrium in the labor market. Figure 14.5 
In the figure,
VMP: Value of marginal product curve
MRP: Marginal revenue product curve
MFC: Marginal factor cost
S: Supply curve of labor
Refer to Figure 14.5.What wage rate will this firm pay?
A) W1
B) W2
C) W3
D) W4
E) W5
Correct Answer:
Verified
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