The firm in the figure below is currently hiring 14 workers and paying a wage of...
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The firm in the figure below is currently hiring 14 workers and paying a wage of $10. Is the firm profit maximizing? (2 points). Explain why. If you do not believe the firm is profit maximizing, explain what the firm should do instead. (8 points) Wage rate 10 10 0 14 15 16 17 Units of labor MRP I The firm in the figure below is currently hiring 14 workers and paying a wage of $10. Is the firm profit maximizing? (2 points). Explain why. If you do not believe the firm is profit maximizing, explain what the firm should do instead. (8 points) Wage rate 10 10 0 14 15 16 17 Units of labor MRP I
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