What is the marginal product of the second employee

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Reference no: EM1352794

(a.) What is the marginal product of the second worker?

(b.) What is the marginal revenue product of the fourth worker?

(c.) What is the marginal cost of the first worker?

(d.) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.

Reference no: EM1352794

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