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Suppose That All Workers Place a Value on Their Leisure

Question 47

Multiple Choice

Suppose that all workers place a value on their leisure of 40 goods per day.The production function relating output per day Y to the number of people working per day N is Y = 200N - 2N2
And the marginal product of labor is
MPN = 200 - 2N.
A 20% tax is levied on wages.Output per day would be


A) 5625.
B) 7250.
C) 9375.
D) 11,250.

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