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Other Fields Homework Help Economics Topic started by: johnpaul92 on Jan 30, 2016



Title: The marginal product of labor (measured in units of output) for Expando Corp. is given byMPN = A(400
Post by: johnpaul92 on Jan 30, 2016
The marginal product of labor (measured in units of output) for Expando Corp. is given by
   MPN = A(400 - N)
where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $3 per unit and A = 2.0. What will be the demand for labor if the nominal wage is $18?
A) 107
B) 57
C) 397
D) 197


Title: Re: The marginal product of labor (measured in units of output) for Expando Corp. is given byMPN = A
Post by: supaman on Feb 4, 2016
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Title: Re: The marginal product of labor (measured in units of output) for Expando Corp. is given byMPN = A(400
Post by: johnpaul92 on Feb 13, 2016
This is incredible, wasn't expecting anyone to answer this one


Title: Re: The marginal product of labor (measured in units of output) for Expando Corp. is given byMPN = A(400
Post by: supaman on Feb 14, 2016
Every little bit helps, right? Glad I solved your question