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If the firm sells its product at the market price of $10 per unit. the marginal 1 point revenue product of the third worker? *

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If the firm sells its product at the market price of $10 per unit. the marginal 1 point revenue product of the third worker? * Which of the following will cause a decrease in the demand fcr labcr. {locking at it frcm the producer only. which is an example cf them needing less workers}? * 0 Increase in wage rates 0 lGreater preference fcr leisure rather than work 0 A decrease in the price of the product 0 A decrease in wage rates Which of the following will result in a decrease in the supplyr of labo r, (looking at it from the producer only. which of these will remove the (quantityr of laborers available}? * 0 Increase in wage rates 0 Greater preference for leisure rather than work 0 A decrease in the price of the product 0 A decrease in wage rates If the wage is $180. how many employees would you hire? * 1 point Q of TP (Total Product Total MRP Marg Labor Product) Price Revenue Revenue Product) 0 $20 $0 10 $19 $190 $190 2 24 $18 $432 $242 36 $17 $612 $180 46 $16 $736 $124 54 $15 $810 $74 60 $14 $840 $30 64 $13 $832 -$8 8 66 $12 $792 -$40 9 66 $11 $726 -$66 10 64 $10 $640 -$86 O 2 O O 4 O 5 O 6 O7

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