Suppose that hiring a third worker at the campus coffee shop increases output from $100 per hour to $150 per hour. What is the marginal revenue product (of labor) per hour from adding that third worker? Instructions: Enter your answer as a whole number. +A
Suppose that hiring a third worker at the campus coffee shop increases output from $100 per hour to $150 per hour. What is the marginal revenue product (of labor) per hour from adding that third worker? Instructions: Enter your answer as a whole number. +A
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 6P
Question
Transcribed Image Text:Suppose that hiring a third worker at the campus coffee shop increases output from $100 per hour to $150 per hour. What is the
marginal revenue product (of labor) per hour from adding that third worker?
Instructions: Enter your answer as a whole number.
+A
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