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Suppose Woody Chuck's Business Is to Clear Trees for Housing

Question 3

Multiple Choice

Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note ) The marginal Revenue Product of labor is

A) constant at $5000.
B) constant at 25
C) Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note ) The marginal Revenue Product of labor is A) constant at $5000. B) constant at 25 C) D)
D) Suppose Woody Chuck's business is to clear trees for housing developments.Given the constraints of fixed capital,the production function is .Suppose Woody Chuck's is one of many firms clearing land and that the market price per cleared lot is $5000.(Note ) The marginal Revenue Product of labor is A) constant at $5000. B) constant at 25 C) D)

Suppose Woody Chuck's Business Is to Clear Trees for Housing

Multiple Choice

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