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

Question 83

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 of duffle bags is $10.If the marginal product of labor of the sixtieth worker drops by half,what is the value of the marginal product of labor of the sixtieth worker now? A)  $10 B)  $15 C)  $20 D)  $25 E)  $30
-Assume that the price of duffle bags is $10.If the marginal product of labor of the sixtieth worker drops by half,what is the value of the marginal product of labor of the sixtieth worker now?


A) $10
B) $15
C) $20
D) $25
E) $30

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