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B. A worker is paid a piece rate wage of $100 goods and the level of production depends on the level of effort, as
B. A worker is paid a piece rate wage of $100 goods and the level of production depends on the level of effort, as does their disutility from working. Q = 30e 1/2 30e1/2 e3 Coste = 300 Bi. What are the equations for the marginal cost and marginal benefit of effort for this worker? Bii. What is the optimal amount of effort for this worker?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
