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Author Question: Shifts in the Labor Demand CurveFor Marginal Manufacturing, the marginal product of labor is MPL = ... (Read 136 times)

rissygurl1124

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Shifts in the Labor Demand Curve

For Marginal Manufacturing, the marginal product of labor is MPL = 30 – 3.75L, where L is the number of workers. Marginal sells output for $12 per unit. How many workers will Marginal hire when the wage is $50? If the output price increases to $48 a unit, Marginal will hire ________ (more/less) workers.
Please round your answer to the nearest whole number.
◦ 97 workers, less
◦ 97 workers, more
◦ -5 workers, more
◦ -5 workers, less
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by rissygurl1124 on Nov 23, 2022

StephaniaF

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Reply #1 on: Nov 23, 2022
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rissygurl1124

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Reply 2 on: Nov 23, 2022
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