Question: solve The following table shows the relationship between workers and output for a small factory in the short run, with capital held constant. The price

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The following table shows the relationship between workers and output for a small factory in the short run, with capital held constant. The price of the firm's output is $15. Find the marginal physical product of labor (MPP) and the marginal revenue product (MRP) Total Physical Product (TPP) Labor Input MPPL MRPL 0 0 = = 1 20 20 300" 2 34 14 210 3 46 12 180" 4 55 9 135) 5 58 3 45 If the wage rate is $180, this firm will hire |_| workers

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