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zbuild007 zbuild007
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A year ago
Shifts in the Labor Demand Curve

For Marginal Manufacturing, the marginal product of labor is MPL = 30 – 3.75L, where L is the number of workers. Marginal sells output for $12 per unit. How many workers will Marginal hire when the wage is $50? If the output price increases to $48 a unit, Marginal will hire ________ (more/less) workers.
Please round your answer to the nearest whole number.

▸ 97 workers, less

▸ 97 workers, more

▸ -5 workers, more

▸ -5 workers, less
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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drdaviddrdavid
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A year ago
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zbuild007 Author
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A year ago
Smart ... Thanks!
noodlelicker
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kiara23247843
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2 hours ago
You make an excellent tutor!
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