alishaharrison68
alishaharrison68 alishaharrison68
  • 17-08-2021
  • English
contestada

What is is Elmo’s marginal product of labor after he hires a second worker?

Respuesta :

brundag05
brundag05 brundag05
  • 17-08-2021

Answer:

Marginal product is the additional output produces when one more unit of labour is employed. In our case, when Elmo hires a second worker, his marginal product is 7.

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