alishaharrison68 alishaharrison68

17-08-2021
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What is is Elmo’s marginal product of labor after he hires a second worker?

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brundag05 brundag05

17-08-2021

Answer:

Marginal product is the additional output produces when one more unit of labour is employed. In our case, when Elmo hires a second worker, his marginal product is 7.

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