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Author Question: Number of workersUnits of output0012525539541255150Table 8.2Refer to Table 8.2, which gives a firm's ... (Read 33 times)

bucstennis@aim.com

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Number of workersUnits of output
00
125
255
395
4125
5150

Table 8.2


Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product is maximized when the firm hires:
◦ 2 workers.
◦ 3 workers.
◦ 4 workers.
◦ 5 workers.


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Marked as best answer by bucstennis@aim.com on Jul 20, 2019

Heffejeff

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bucstennis@aim.com

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Reply 2 on: Jul 20, 2019
Excellent


daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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