Question
The average productivity of a company with 200 employees was 100 products/worker. By how much did the firm's production increase if the marginal productivity is
The average productivity of a company with 200 employees was 100 products/worker. By how much did the firm's production increase if the marginal productivity is 1000 pieces and the number of workers increased by 20%?
please answer with calculations and formulas
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
