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The marginal product of effort, a typical worker in fast-food burger joint, is one- fourth burgers per hour; that is, MP e = .25The price

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  1. The marginal product of effort, a typical worker in fast-food burger joint, is one-

fourth burgers per hour; that is, MPe= .25The price of a burger is $2. The figure

graphs Mac's marginal cost of effort.

image text in transcribed

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