The Marginal Product of Labour (Measured in Units of Output)for

question 68

Multiple Choice

The marginal product of labour (measured in units of output) for New Age Nirvana is given by MPN = A(200 - N) where A measures productivity and N is the number of labour hours used in production.Assume that the price of output is $3 per unit and the demand for labour is 195.What will be the level of productivity if the nominal wage is $30?

• A)5
• B)10
• C)2
• D)12

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