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A New Motor Manufacturing Technology Changes Ronald's Outboard Motor Marginal

Question 118

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A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MPL (L) = A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP<sub>L</sub> (L) = to MP'<sub>L</sub><sub> </sub><sub>L</sub>(L) = . If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?
to MP'L L(L) = A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP<sub>L</sub> (L) = to MP'<sub>L</sub><sub> </sub><sub>L</sub>(L) = . If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?
. If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

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