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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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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