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

Long-run costs and economies of scale — practice question

From the diagram, the perfectly competitive firm’s average product of labour (APL) and marginal product of labour (MPL) curves are shown. The market price of the firm’s product is $1. At a wage of OW, how many workers will the firm hire?

AON1
BON2
CON3
DON4

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