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Look at the table The Production of Cabinets. Based on the Marginal Product of Labor, what is the maximum number of workers your firm would
Look at the table The Production of Cabinets. Based on the Marginal Product of Labor, what is the maximum number of workers your firm would employ?
| quantity of labors workers | quantity of cabinets Q | marginal product of labor cabinets/worker |
| 0 | 0 | |
| 1 | 5 | 5 |
| 2 | 11 | 6 |
| 3 | 16 | 5 |
| 4 | 20 | 4 |
| 5 | 23 | 3 |
| 6 | 25 | 2 |
| 7 | 26 | 1 |
| 8 | 25 | -1 |
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The Lever Of Riches Technological Creativity And Economic Progress
Authors: Joel Mokyr
1st Edition
0195074777, 9780195074772
