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Suppose a curio manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production
Suppose a curio manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers illustrated in the table below. Calculate the marginal and average product of laborfor this production function. First, calculate the marginal product of labor. (Enter your responses rounded to two decimal places.) Number of Workers Number of Curios Marginal Product Average Product 1 24 El B!!!!D
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