Essay
Suppose that the total product of labor per Hour) for a firm is given by:
TPL = 30L - .3L2
a. Find the MPL function.
b. How many workers should the firm employ if the wage rate is $24.00 per hour and the NMRL is $40.00?
Correct Answer:
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a. MPL = dTPL/dL = 30 - .6L
b. MRPL = MPL x ...View Answer
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Correct Answer:
Verified
b. MRPL = MPL x ...
View Answer
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