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George manages a factory in the Cast Iron Cookware Industry. It is perfectly competitive in both the product market and the factor market. George has
George manages a factory in the Cast Iron Cookware Industry. It is perfectly competitive in both the product market and the factor market. George has gathered the following per-day data on worker productivity:
Number of workers 1 2 3 4 5 6 Marginal Product - 6 5 4 3 2 1Step by Step Solution
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