[Solution] Use both words and graphs to answer the following: Show how the quantity of labor to be hired and the wage rate would be determined if the input
Question: Use both words and graphs to answer the following:
- Show how the quantity of labor to be hired and the wage rate would be determined if the input market is perfectly competitive. The output market may be either perfectly competitive or imperfectly competitive.
- Show how the quantity of labor to be hired and the wage rate would be determined if both the input market and the output market were imperfectly competitive.
Deliverable: Word Document 
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[Solution] Use both isoquant analysis and one of the graphs showing
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[See Solution] Use calculus to prove that marginal revenue is
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