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Reading marginal product-marginal revenue product

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Reference no: EM131095335

Reading marginal product, marginal revenue product, and marginal profit from a table. Fill in the missing values for this table:

Labor

Output

MP of labor

MRP of labor

Wage

Marginal profit

0

0

NA

NA

NA

NA

1

5

5

50

30

20

2

12

30

3

6

60

30

4

4

30

10

5

25



6

27

2

30

-10

Note: The Marginal profit figure that you are to calculate shows the change in profit associated with hiring the last worker (the last unit of labor).

Reference no: EM131095335

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