(Solved): 9. in the diagram below, MRP is the marginal revenue product of a firm's labor and We is the equili ...

9. in the diagram below, MRP is the marginal revenue product of a firm's labor and We is the equilibrium wage rate. Assuming that this firm is a profit maximizer operating in a perfectly competitive market, which of the following statements is correct? A. Firm will employ L1 workers and operate at A. B. Profits will be maximized where MRP is above the wage rate We. C. The firm will employ L1 - L2 number of workers. D. The firm will employ L2 workers and operate at B.