Awheat farmer sells wheat in a perfectly competitive market and hires labor in a perfectly competitive market. the market price of wheat is $2 a bushel, the wage rate is $10, the farmer employs five workers and the marginal product of the fifth worker is 3 bushels. what would you advise this farmer to do?
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Awheat farmer sells wheat in a perfectly competitive market and hires labor in a perfectly competiti...
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