The following expression describe a perfectly competitive labor market The labor supply is SLAE$300 $0000375L The marginal revenue product of labor curve is MRPL$13000000433L a Find the optimal number of labor hours worked per week let L represent the number of labor hours worked per week b Find the equilibrium wage rate in this labor market Let W represent the hourly wage of workers c Determine the economic rent earned by labor in this situation d Draw a graph showing equilibrium wage rate and

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