Question: Refer back to the production schedule for the Apple Pie Factory in Question 6. In this question we will derive the firm's demand curve for

Refer back to the production schedule for the Apple Pie Factory in Question 6. In this question we will derive the firm's demand curve for labour.
a. On a diagram, with MRP on the vertical axis and the number of workers on the horizontal axis, plot the MRP curve.
b. If the wage is $10 per hour, how many workers will be hired? Why?
c. If the wage is $5 per hour, how many workers will be hired? Why?
d. If the wage is $20 per hour, how many workers will be hired? Why?
e. Explain why the MRP curve is the firm's factor demand curve.

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