Title: Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen ...
Post by: gorgeous on Oct 10, 2019
Question 1.
Figure 17-1
Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
Refer to Figure 17-1. If the wage rate is $40, how many workers should Dale hire?
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6
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5
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4
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3
Question 2.
Figure 17-1
Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?
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$56
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14 doilies
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$28
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28 doilies
Title: Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen ...
Post by: Woo on Oct 10, 2019
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