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Author Question: If the wage rate is 10 per hour and if two workers produce 500 units per hour and three workers ... (Read 60 times)

vinney12

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on: May 25, 2020

Question 1

The formula for the marginal revenue product of labour, where L stands for labour and X for the product) is
◦ MPPL/MRX.
◦ MPPL + MRX.
◦ MR/MPPL.
◦ MPPL × MRX.

Question 2

If the wage rate is £10 per hour and if two workers produce 500 units per hour and three workers produce 720 units per hour, the marginal revenue product of the third worker is
◦ £7200.
◦ £2400.
◦ £2200.
◦ £3600.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by vinney12 on May 25, 2020

juicepod

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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