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Let mp = marginal product, p = output price, and w = wage, then the equation that represents a situation where a competitive firm should lay off some workers to maximize profits…

Let mp = marginal product, p = output price, and w = wage, then the equation that represents a situation where a competitive firm should lay off some workers to maximize profits…
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Let mp = marginal product, p = output price, and w = wage, then the equation that represents a situation where a competitive firm should lay off some workers to maximize profits is

User Pearpages
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1 Answer

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I have no idea haha lol


User Flexponsive
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