Your uncle opens a sandwich shop that employs seven people. The employees are paid $6 per hour
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Your uncle opens a sandwich shop that employs seven people. The employees are paid $6 per hour and a sandwich sells for $3. If your uncle is maximising 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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Related Book For
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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