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

Long-run costs and economies of scale — practice question

A firm is operating in a perfectly competitive labour market. The table gives the marginal revenue product (MRP) and marginal cost of labour (MCL) for each extra worker hired by this profit-maximising firm. How many units of labour does this firm employ?

  • A1
  • B2
  • C3
  • D4

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