The nation of ectenia has 80 competitive apple orchards, which sell apples at the world price of $2 per apple. the following equations describe the production function and the marginal product of labor in each orchard mpl 80-20 where q is the number of apples produced in a day, l is the number of workers, and mpl is the marginal product of labor suppose the world price of apples doubles to $4 per apple what is each orchard's labor demand as a function of the daily wage w?
l= 40-0.25w
l= 80-2w
l =3,200-10w
l=40-0.125w
what is the market's labor demand?
l= 80-20w
l =3,200-10w
l=40-0.125w
l= 3,200- 20w
Answers: 3
Business, 21.06.2019 19:20, recon12759
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Answers: 1
The nation of ectenia has 80 competitive apple orchards, which sell apples at the world price of $2...
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