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Bikes sell for $40 each. Find the marginal product and the value of the marginal product r each worker (don't forget about Badr's cost of parts). O Make a table showing Badr's demand curve for labor and draw it.

Bikes sell for $40 each. Find the marginal product and the value of the marginal product r each worker (don't forget about Badr's cost of parts). O Make a table showing Badr's demand curve for labor and draw it.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Production data for Badr's Bicycle Factory are as follows: Number of workers Bikes assembled per day 24 2 44 60 72 80 Other than wages, Badr has costs of $200 (for parts and so on) for each bike assembled. a) Bikes sell for $40 each. Find the marginal product and the value of the marginal product for each worker (don't forget about Badr's cost of parts). b) Make a table showing Badr's demand curve for labor and draw it.
Transcribed Image Text:Production data for Badr's Bicycle Factory are as follows: Number of workers Bikes assembled per day 24 2 44 60 72 80 Other than wages, Badr has costs of $200 (for parts and so on) for each bike assembled. a) Bikes sell for $40 each. Find the marginal product and the value of the marginal product for each worker (don't forget about Badr's cost of parts). b) Make a table showing Badr's demand curve for labor and draw it.
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