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From the production data in the table below, calculate the VMP L for the 2nd unit of labor.Assume the wage rate is $80 and the
From the production data in the table below, calculate theVMPLfor the 2nd unit of labor.Assume the wage rate is $80 and the price of the firm's output is $5. (Give the numeric value only for your response; do not include commas, dollar signs, etc.)
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