Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

The diagram illustrates a perfectly competitive firm’s average product of labour (APL) and marginal product of labour (MPL) curves. The market price of the firm’s product is $1. How many workers will the firm hire at a wage of OW?

AON1
BON2
CON3
DON4

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