a. How does the students marginal product change? b. How does the value of marginal product of

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a. How does the students’ marginal product change?
b. How does the value of marginal product of labor change?
The market price of fish falls to 33.33¢ a pound, but the packers’ wage rate remains at $7.50 an hour.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:30 AM

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a. How does the students marginal product change? b. How does the value of marginal product of

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a The marginal product does not change For instance if Wanda hires 55 students ...View the full answer

Microeconomics

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