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The cookie company in the mall hires only labor to produce cookies. The workers are paid $75per day, and the cost of renting the space
The cookie company in the mall hires only labor to produce cookies. The workers are paid $75per day, and the cost of renting the space in the mall is $300per day.
The daily fixed costs of production are
The labor cost per day of hiring two workers is
The total cost per day when three workers are hired is
The marginal product per day of the fourthworker is
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