Question: The company town in Problem 13 estimates that the marginal revenue product of labor is given by MRPL = 19 0.02L. a. Equate the

The company town in Problem 13 estimates that the marginal revenue product of labor is given by MRPL = 19 − 0.02L.
a. Equate the firm's marginal revenue product of labor and marginal expenditure to find the profit-maximizing level of labor input.
b. Use the labor supply curve to determine the wage the coal-mining firm must pay.

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