If the wage paid to all units of labor is $20, how many units of labor are employed?
Labor is hired to the point where W = MRP, so quickly find the point in the table where MP = 10, which when multiplied by P = $2 gives you MRP = $20.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: If the wage paid to all units of labor is $20, how many units of labor are employed?, keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 98-4108.