The diagram below shows the MRP curve for a firm producing copper plumbing pipe.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)180
B)140
C)100
D)120
E)160

Question

The diagram below shows the MRP curve for a firm producing copper plumbing pipe.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)180 
B)140 
C)100 
D)120 
E)160

Quizplus · Accepted Answer

The Answer of The diagram below shows the MRP curve for a firm producing copper plumbing pipe.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)180 
B)140 
C)100 
D)120 
E)160

The Diagram Below Shows the MRP Curve for a Firm