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A 6 ABC company pays each worker it employs a wage of AED 700. Each unit of output is sold at a price of AED
A 6 ABC company pays each worker it employs a wage of AED 700. Each unit of output is sold at a price of AED 10. Fill the following table Number Profit margin Total Marginal Value of Marginal Wage per of Output Product of Product of Labor Worker w (PM) workers Labor (MPL) (VMPL) 0 700 1 140 700 2 260 3 700 360 4 700 430 5 490 700 6 560 700 For BE Number of worker Total Output Marginal Product of Value of Marginal Wage per Labor (MPL) Product of Labor (VPL) Worker w Profit Margin (PM) 0 0 1 140 700 260 700 3 360 700 430 700 5 490 700 6 560 700 Words:44
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