just answer 4 and 5 QUESTION 9The following table shows the DVDS production. Study the table and answer the questions?Labor (L)TotalMarginalProductAverageProduct ofproduct oflabor (TPL)(MPL)labor (APL)2030336440426.42Based on the above table1. How much is the marginal product (MPL) of the 3rd2. Which labor has the largest marginal product?3. What is the value of Average Product of labor (APL) at 5 labors.labor?4. If the price of DVD5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?$20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ?For the toolbar press AL TE10 0

Name: just answer 4 and 5 QUESTION 9The following table shows the DVDS produ
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Description: just answer 4 and 5 QUESTION 9The following table shows the DVDS production. Study the table and answer the questions?Labor (L)TotalMarginalProductAverageProduct ofproduct oflabor (TPL)(MPL)labor (APL)2030336440426.42Based on the above table1. How mu

The marginal revenue product of labor (MRPL) is the additional revenue generated by a firm by…

Business

Economics

4. If the price of DVD is $20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ? 5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?

4. If the price of DVD is $20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ? 5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter30: The Labor Market

Section: Chapter Questions

Problem 14E

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