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Your enterprising uncle opens a sandwich shop that employs 7 people The employees are paid $12 per hour, and a sandwich sells for $6 If your uncle is maximizing his profit what is the value of the

Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $12 per hour, and a sandwich sells for $6. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker’s marginal product?

May 01 2020 View more View Less

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