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The Marginal Product of an Additional Unit of Labor Is

question 23

Multiple Choice

The marginal product of an additional unit of labor is 100 units per day and the market price of this output is $0.75 per unit.
-If the cost to the firm of hiring this unit of labor (wages,Social Security,and other payroll taxes) is $12 per hour for an eight-hour day,a profit-maximizing firm


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