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Satsume Satsume
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7 years ago
The marginal product of labor at Ronald's Outboard Motor Manufacturing plant is MPL(L) =   Ronald can sell every unit of output he produces for $100.  Determine Ronald's marginal revenue of the product of labor.  If Ronald can hire all the labor hours he would like at $15, calculate Ronald's optimal employment level.  If the wage rate falls to $10, calculate Ronald's new level of employment.
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Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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7 years ago
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Satsume Author
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7 years ago
This helped my grade so much Perfect
kamikazekota
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Yesterday
Helped a lot
DragonHeart
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2 hours ago
Thank you, thank you, thank you!
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