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Determining the price of the final good

Assignment Help Business Economics
Reference no: EM133083456

Problem:

Labor

Output

MP of labor

MRP labor

Wage

Marginal Profit

0

0

NA

NA

NA

NA

1

4

4

40

30

10

2

10

 

 

30

 

3

 

5

50

30

 

4

 

3

 

30

0

5

20

 

 

 

 

6

21

1

 

30

-20

Consider the table above. What is the price of the final good?

Reference no: EM133083456

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