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4. Computing labor productivity and its relationship to the demand for labor Gopher Excavators produces shovels in a small factory and sells the shovels
4. Computing labor productivity and its relationship to the demand for labor Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive price-taker market. The following table shows the company's production function: Labor Output (Number of workers) (Shovels) 0 0 1 90 2 175 3 245 4 300 5 325
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