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QUESTION
Leadbelly co. sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. assume that the market wage rate for workers is $150 per day. leadbelly
Leadbelly co. sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. assume that the market wage rate for workers is $150 per day. leadbelly should follow this rule to hire the profit-maximizing amount of labor: hire workers up to the point where the
