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    Profit maximization

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    8. Problem-solving question: Use the following data for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers the firm will employ to maximize profits.

    a) Number of Workers (L) MRPL MRCL
    0 0 0
    1 $40 $20
    2 70 20
    3 40 20
    4 30 20
    5 20 20
    6 10 20
    7 5 20

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    https://brainmass.com/economics/microeconomics/profit-maximization-perfectly-competitive-firm-141602

    Solution Summary

    Profit maximization is examined.

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