Microeconomics (7th Edition)
Microeconomics (7th Edition)
7th Edition
ISBN: 9780134737508
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 17, Problem 17.1.6PA

Subpart (a):

To determine

Calculation of marginal product of labor, marginal revenue product of labor and additional profit from hiring one more worker.

Subpart (b):

To determine

Calculation of marginal product of labor, marginal revenue product of labor and additional profit from hiring one more worker.

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1. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate fund, and the third is a (riskless) T-bill money market fund that yields a rate of 8%. The probability distributions of the risky funds have the following characteristics: Standard Deviation (%) Expected return (%) Stock fund (Rs) 20 30 Bond fund (RB) 12 15 The correlation between the fund returns is .10.

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Microeconomics (7th Edition)

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