Solution-Problem-solving questionuse the following data for

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Problem-solving question:

Use the following data for a firm's output at various levels of employment (L) to calculate:

a) its marginal physical product of labor (MPPL) schedule;

(b) its (MPPL/MRCL) schedule, given a fixed wage (W = MRCL) of $25 per hour per worker.

what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?

Number of Workers (L) Output (Q) 1 100 2 300 3 600 4 850 5 1000 6 1100

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