a) Fill the table below b) Use excel sheet and construct all the possible short-run demand curves using answers in part a) and information in the table below. Employment (E) Marginal product of labour (MPE) Price (P) Value of marginal product of labour (VMPE) 1 1000 10 2 800 10 1 1000 20 4 400 10 3 600 10 2 800 20 5 200 10 4 400 20 5 200 20 3 600 20 1 1200 10 4 600 10 3 800 10 5 400 10 2 1000 10
a) Fill the table below b) Use excel sheet and construct all the possible short-run demand curves using answers in part a) and information in the table below. Employment (E) Marginal product of labour (MPE) Price (P) Value of marginal product of labour (VMPE) 1 1000 10 2 800 10 1 1000 20 4 400 10 3 600 10 2 800 20 5 200 10 4 400 20 5 200 20 3 600 20 1 1200 10 4 600 10 3 800 10 5 400 10 2 1000 10
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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a) Fill the table below
b) Use excel sheet and construct all the possible short-run demand curves using answers in part a) and information in the table below.
| Employment (E) | Marginal product of labour (MPE) | Price (P) | Value of marginal product of labour (VMPE) |
| 1 | 1000 | 10 | |
| 2 | 800 | 10 | |
| 1 | 1000 | 20 | |
| 4 | 400 | 10 | |
| 3 | 600 | 10 | |
| 2 | 800 | 20 | |
| 5 | 200 | 10 | |
| 4 | 400 | 20 | |
| 5 | 200 | 20 | |
| 3 | 600 | 20 | |
| 1 | 1200 | 10 | |
| 4 | 600 | 10 | |
| 3 | 800 | 10 | |
| 5 | 400 | 10 | |
| 2 | 1000 | 10 |
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