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mdagenh1 mdagenh1
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3 days ago

Question 1.

Figure 17-2



Figure 17-2 shows the marginal revenue product for Becca's Baubles, a producer of hand-beaded bracelets.



Refer to Figure 17-2. If Becca can sell her bracelets at $3 each, what is the marginal product of the 4th worker?



12 bracelets



$36



$144



36 bracelets



Question 2.

What are the five most important variables that cause the market demand curve for labor to shift?

Textbook 

InMicro


Edition: 1st
Authors:
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DryPhantomDryPhantom
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Posts: 305
3 days ago
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Answer 1

12 bracelets



Answer 2

The most important factors that cause the demand curve for labor to shift are: 1) changes in human capital, 2) changes in technology, 3) changes in the quantity of other inputs, 4) changes in the price of the product, and (5) changes in the number of firms in the market.
1

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