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Currently, Ronald's Outboard Motor Manufacturing Uses 100 Power Drills in the Production

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Currently, Ronald's Outboard Motor Manufacturing uses 100 power drills in the production of motors (K represents the number of power drills). Ronald's marginal product of labor function is MPL (L, K) = Currently, Ronald's Outboard Motor Manufacturing uses 100 power drills in the production of motors (K represents the number of power drills). Ronald's marginal product of labor function is MP<sub>L</sub> (L, K) = . Ronald can sell all the motors he produces for $100 per unit and hire all the labor units he desire at $10 per unit. What happens to Ronald's optimal labor employment if he decreases the number of power drills to 90?
. Ronald can sell all the motors he produces for $100 per unit and hire all the labor units he desire at $10 per unit. What happens to Ronald's optimal labor employment if he decreases the number of power drills to 90?

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Ronald's marginal revenue of the product...

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