Question: Suppose the marginal product of labor is currently equal to

Suppose the marginal product of labor is currently equal to its average product. If you were one of ten new workers the firm was about to hire, would you prefer to be paid the value of your average product or the value of your marginal product? Would it be in the interests of an employer to pay you the value of your average product?




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  • CreatedDecember 12, 2014
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