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Satsume Satsume
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6 years ago
An increase in technology in fabric design changes Trisha's marginal product of labor function from MPL (L) = 0.5 - 0.01L to MP'L(L) = 0.625 - 0.01L.  If Trisha can sell all the output she desires at $120 and she must pay each unit of labor she employs $24, what effect does the change in technology have on labor employment?
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Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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6 years ago
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Satsume Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
KaylenePig
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Yesterday
this is exactly what I needed
ethom947
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2 hours ago
Just got PERFECT on my quiz
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