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Question
Table 17-2| Quantity of Labor | Output of iPods per Week | Marginal Product of Labor | Product Price (dollars) | Wage (dollars) |
| 1 | 8 | 8 | $300 | $350 |
| 2 | 15 | 7 | 280 | 350 |
| 3 | 21 | 6 | 260 | 350 |
| 4 | 26 | 5 | 240 | 350 |
| 5 | 30 | 4 | 220 | 350 |
| 6 | 33 | 3 | 200 | 350 |
| 7 | 35 | 2 | 180 | 350 |
A) 5 units
B) 4 units
C) 3 units
D) 2 units
Answer
This answer is hidden. It contains 1 characters.
Related questions
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B) a and c only
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