Essay
Suppose that the total product of labor per Hour) for a firm is given by:
TPL = 26L - .5L2
a. Find the MPL function.
b. How many workers should the firm employ if the wage rate is $25.00 per hour and the NMRL is $25.00?
Correct Answer:
Verified
a. MPL = dTPL/dL = 26 - L
b. MRPL = MPL x NM...View Answer
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Correct Answer:
Verified
b. MRPL = MPL x NM...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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