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Title: When Dayco increases its employment of labor from 500 units of labor to 501 units of labor its total
Post by: stars_and_moon on Jul 20, 2016
When Dayco increases its employment of labor from 500 units of labor to 501 units of labor its total product increases from 15,000 units to 15,531 units.  Marginal product for the 501st unit of labor is
A) marginal product =  15,531.
B) marginal product =  1.06.
C) marginal product =  31.
D) marginal product =  531.


Title: Re: When Dayco increases its employment of labor from 500 units of labor to 501 units of labor its ...
Post by: kingby on Aug 8, 2016
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Title: Re: When Dayco increases its employment of labor from 500 units of labor to 501 units of labor its total
Post by: stars_and_moon on Aug 17, 2016
Incredible!


Title: Re: When Dayco increases its employment of labor from 500 units of labor to 501 units of labor its total
Post by: kingby on Aug 18, 2016
I instantly knew the answer when I read the question, happy to help