Your enterprising uncle opens a sandwich shop that employs seven people. The employees are paid 6 per

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Your enterprising uncle opens a sandwich shop that employs seven people. The employees are paid €6 per hour and a sandwich sells for €13. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker’s marginal product?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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