Business, 18.12.2019 20:31 vinp190p9zekn
When a firm hires 10 units of labor, 20 pens are produced. when it hires another unit of labor, the total output increases to 23 pens. if the price of one pen is $2, the value of the marginal product of the eleventh unit of labor is
a. $6
b. $4
c. $2
d. $1.50
Answers: 3
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When a firm hires 10 units of labor, 20 pens are produced. when it hires another unit of labor, the...
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