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Assume Ajax Company Employs 100 Workers and Total Revenue Is

question 117

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Assume Ajax Company employs 100 workers and total revenue is $400,000 per week. When Ajax Company employs 101 workers, total revenue is $405,000. The marginal revenue product of the 101st worker is:


Definitions:

Virtuous Life

A way of living that aligns with moral and ethical standards, focusing on achieving moral excellence through virtue.

External Events

Happenings or occurrences that take place outside of an individual's or organization's control, impacting them indirectly.

Indifferent

Having no particular interest or sympathy; unconcerned or showing a lack of preference between two or more possibilities.

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