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johnpaul92 johnpaul92
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8 years ago
Suppose a firm's hourly marginal product of labor is given by MPN = A (200 - N).
(a)   If A = 0.2 and the real wage rate is $10 per hour, how much labor will the firm want to hire?
(b)   Suppose the real wage rate rises to $20 per hour. How much labor will the firm want to hire?
(c)   With the real wage rate at $10 per hour, how much labor will the firm want to hire if A rises to 0.5?
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
4 years ago
Slight Smile
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#4
3 years ago
nice
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