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You have the following information regarding the marginal product of your workers:
Workers
Total Output
Marginal Product
0
-----
1
16
2
30
14
3
40
10
4
48
8
5
53
6
56
7
58
59
If the price you sell your product for is $18, and the wage you must pay your workers is $140, which of the following is correct based on what we discussed in the videos?
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