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Exhibit 22- 14 Marginal Physical Product Marginal Cost Assume that labor is the only variable input and that each additional laborer is paid $600. 233.

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Exhibit 22- 14 Marginal Physical Product Marginal Cost Assume that labor is the only variable input and that each additional laborer is paid $600. 233. Refer to Exhibit 22-14. What is the MPP of the rst unit of labor [blank (C)]? a. 700 units b. 600 units 0. 100 units (1. 50 units ANSWER: c

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