Assume that the marginal product of labor is MPL = 0.65 $13/L, where output is measured
Question:
Assume that the marginal product of labor is MPL = 0.65 × $13/L, where output is measured in trillions and L is the number of workers
(in millions).
a) Draw the MPL curve.
b) Find the quantity of workers demanded if the real wage is $50,000 per worker.
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