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Exhibit 21-14 Assume That Labor Is the Only Variable Input

Question 81

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Exhibit 21-14
Exhibit 21-14 Assume that labor is the only variable input and that each additional laborer is paid $600. -Refer to Exhibit 21-14. What is the MPP of the first unit of labor [blank (C) ]? A) 700 units B) 600 units C) 100 units D) 50 units Assume that labor is the only variable input and that each additional laborer is paid $600.
-Refer to Exhibit 21-14. What is the MPP of the first unit of labor [blank (C) ]?


A) 700 units
B) 600 units
C) 100 units
D) 50 units

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