What is marginal product labor and marginal revenue product

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Q= -3 + 8.5L - 2L^2 Q is toys per hour, L is workers employed per hour. Charges $20 per toy. Workers paid $10 hour. Firm has $50 fixed costs per hour. What is marginal product labor? (MPL) What is marginal revenue product?

Reference no: EM13213737

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