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johnpaul92 johnpaul92
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8 years ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
wrote...
#2
8 years ago
This is incredible, wasn't expecting anyone to answer this one
wrote...
#3
8 years ago
Every little bit helps, right? Glad I solved your question
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