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

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The Answer is Ronald's original marginal revenue of the product of labor is

Ronald's original marginal revenue of the product of labor is For this original level of technology, Ronald's optimal labor employment was At the new level of technology, Ronald's marginal revenue of the product of labor becomes The new level of employment becomes: Thus, this increase in technology results in over a 4% increase in the level of labor employment.

For this original level of technology, Ronald's optimal labor employment was Ronald's original marginal revenue of the product of labor is For this original level of technology, Ronald's optimal labor employment was At the new level of technology, Ronald's marginal revenue of the product of labor becomes The new level of employment becomes: Thus, this increase in technology results in over a 4% increase in the level of labor employment.

At the new level of technology, Ronald's marginal revenue of the product of labor becomes Ronald's original marginal revenue of the product of labor is For this original level of technology, Ronald's optimal labor employment was At the new level of technology, Ronald's marginal revenue of the product of labor becomes The new level of employment becomes: Thus, this increase in technology results in over a 4% increase in the level of labor employment.

The new level of employment becomes: Ronald's original marginal revenue of the product of labor is For this original level of technology, Ronald's optimal labor employment was At the new level of technology, Ronald's marginal revenue of the product of labor becomes The new level of employment becomes: Thus, this increase in technology results in over a 4% increase in the level of labor employment.

Thus, this increase in technology results in over a 4% increase in the level of labor employment.

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

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

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Correct Answer:
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