Figure 45.2
-In Figure 45.2, at the perfectly competitive equilibrium, the number of workers hired will be

Name: Figure 45.2 -In Figure 45.2, at the perfectly competitive equilibrium, the number of workers hired will be
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Question

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At the perfectly competitive equilibrium, the number of workers hired will be L*, which is the point where the market wage intersects with the firm's marginal revenue product of labor curve. Therefore, the best choice is B.

Figure 45.2 -In Figure 45.2, at the Perfectly Competitive Equilibrium, the Number