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Sam's Chocolate Bras Production is shown in the following table. It costs Sam's Chocolate Bras $80 per day per worker. Each chocolate bar sells $3.
Sam's Chocolate Bras Production is shown in the following table. It costs Sam's Chocolate Bras $80 per day per worker. Each chocolate bar sells $3.
Quantity of Labor Quantity of Chocolate Bars
0 0
1 100
2 180
3 240
4 280
5 310
6 330
7 340
8 320
a.Compute the Marginal Product and the value of the Marginal Product that each worker creates.
b.How many workers should Sam's Chocolate hire? can you show the new table.
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