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1. (Module 69) Eliza hires labor to produce her gourmet dog biscuits. She can sell the biscuits for $2 each in the competitive output market.

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1. (Module 69) Eliza hires labor to produce her gourmet dog biscuits. She can sell the biscuits for $2 each in the competitive output market. Quantity of labor employed Quantity of output produced (L) (Q) 0 0 20 2 38 54 A W 68 80 6 90 98 8 104 a. Using the data from the table above, what is the marginal revenue product of labor (MRPL) of the fifth worker? Show your work. b. Describe the shape of the MRPL curve. Explain why it is shaped this way. c. If the market price of dog biscuits fell to $1, how would this affect the firm's MRP curve? (4 points)

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