EXPLORING ECONOMICS
8th Edition
ISBN: 2818000015614
Author: Sexton
Publisher: SAGE
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Question
Chapter 11, Problem 8P
To determine
(a)
The marginal product of seventh worker.
To determine
(b)
The point of onset of Law of Diminishing Marginal Product (MP).
To determine
(c)
Given the data on L, TP and MP, whether ninth worker should be employed or not.
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