Question: 8. (10 points, 4 each) Suppose that for a production of a service (for which labor is the onl input) the following are true: The

8. (10 points, 4 each) Suppose that for a production of a service (for which labor is the onl input) the following are true: The price p = 220 The wage w = 10 The marginal product of labor is 5/q Using these: a. Give the expression for the value of the marginal product of labor b. Find the optimal quantity produced by the firm

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