What will be the demand for labor if the nominal wage is


The marginal product of labor (measured in units of output) for Expando Corp. is given by MPL = A(400 - L) where A measures productivity and L is the number of labor hours used in production. Suppose the price of output is $3 per unit and A = 2.0. What will be the demand for labor if the nominal wage is $18?

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Business Economics: What will be the demand for labor if the nominal wage is
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