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Table 19-5 Labor (Number of workers) Output (Units) Marginal Product of Labor (Units) Value of the Marginal Product of Labor (Units) Wage (Dollars) Marginal Profit
Table 19-5 Labor (Number of workers) Output (Units) Marginal Product of Labor (Units) Value of the Marginal Product of Labor (Units) Wage (Dollars) Marginal Profit (Dollars) 0 0 - - - - 1 300 300 600 300 300 2 500 200 AA 300 100 3 600 100 200 300 BB 4 650 CC DD 300 200 Refer to Table 19-5. What is the value for the cell labeled AA? a. $300 b. $400 c. $600 d. $500
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
