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Author Question: Marginal product of labor A) is the derivative of the production function with respect to a one unit ... (Read 65 times)

saliriagwu

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on: Jun 30, 2018
Marginal product of labor
 A) is the derivative of the production function with respect to a one unit change in labor.
  B) is the derivative of the production function with respect to a one unit change in capital.
  C) is the derivative of the marginal cost curve.
  D) none of these choices.

Question 2

Alex's production is worth 60 and Harry's is worth 40 . They decide to form a coalition and produce together such that their combined production is worth 135 . What is the maximum benefit Alex can earn while ensuring Harry does not leave the coalition?
 a. 75
  b. 96
  c. 77.5
  d. 94


anoriega3

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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