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Use the Accompanying Graph, Which Depicts Mighty Max's Labor Demand

Question 16

Multiple Choice

Use the accompanying graph, which depicts Mighty Max's labor demand for his duffle-bag business, to answer the questions that follow.
Use the accompanying graph, which depicts Mighty Max's labor demand for his duffle-bag business, to answer the questions that follow. -Assume that the price per duffle bag rises from $10 to $20.What is the value of the marginal product of labor of the twentieth worker? A) $30 B) $40 C) $50 D) $60 E) $70
-Assume that the price per duffle bag rises from $10 to $20.What is the value of the marginal product of labor of the twentieth worker?


A) $30
B) $40
C) $50
D) $60
E) $70

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