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In: Economics

13 Refer to the following table: Number of workers Output Marginal Product of Labor Value of...

13 Refer to the following table:

Number of workers	Output	Marginal Product of Labor	Value of Marginal Product of Labor	Wage	Marginal Profit
0	0	--	--	$300	--
1	300	300	$600	$300	$300
2	500	200	AA	$300	$100
3	600	100	$200	$300	BB
4	650	CC	DD	$300	- $200

13.1.

Problem Set #7 - Part II - 13.1 (A)

What is the value for the cell labeled AA?

		A. $300
		B. $600
		C. $400
		D. $500
		E. $200

13.2.

Problem Set #7 - Part II - 13.2 (B)

What is the value for the cell labeled BB?

		A. $300
		B. $-100
		C. $0
		D. $100
		E. $200

13.3.

Problem Set #7 - Part II - 13.3 (C)

What is the value for the cell labeled CC?

		A. 650
		B. 0
		C. 600
		D. 50
		E. 100

13.4.

Problem Set #7 - Part II - 13.4 (D)

What is the value for the cell labeled DD?

		A. $0
		B. $100
		C. $50
		D. -$100
		E. $300

Expert Solution

Rahul Sunny answered 2 years ago

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