Try another version of this question Suppose that the employer is hiring workers in a perfectly competitive market where the market equilibrium wage is `$7`.
How many workers will be hired at this wage?
The table below shows data for the production of pizza rolls for an individual firm operating in an imperfectly competitive market.
Suppose that a firm has market power in their output market. Suppose that the employer is hiring workers in a perfectly competitive market where the market equilibrium wage is $.
The graph below shows the labor demand curve for this firm. Note: VMPL stands for Value of the Marginal Product of Labor. MRPL stands for Marginal Revenue Product of Labor. What is the number of workers that this firm will hire if this firm is selling its output in an imperfectly competitive market? The graph below shows the labor demand curve for this firm. Note: VMPL stands for Value of the Marginal Product of Labor. MRPL stands for Marginal Revenue Product of Labor. What is the number of workers that would be hired if this firm would be selling its output in a perfectly competitive market? The graph below shows the supply and demand curves for labor in a perfectly competitive market.
thousand The graph below shows the supply and demand curves for labor in a perfectly competitive market.
$ Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 5: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 6: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 7: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 8: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 9: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 10: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 11: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 12: Select the best answer Box 13: Select the best answer Box 14: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 15: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Given this data, complete the table:
Number of workers Number of Apples Marginal Revenue 0 0 24 10 90 23 20 162 22 30 216 21 40 252 20 50 270 19
Quantity of pizza rolls
Marginal Product of Labor (MPL)
Marginal Revenue Product of Labor (MRPL)
0
-
-
10
20
30
40
50
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity