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

question 9

Multiple Choice

The marginal product of labor (measured in units of output) for Expando Corp.is given by MPN = A(400 - N)
Where A measures productivity and N is the number of labor hours used in production.Suppose the price of output is $3 per unit and A = 2.0.What will be the demand for labor if the nominal wage is $18?

• A)57
• B)107
• C)197
• D)397

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