1. The marginal product of labor for a firm is defined by thefollowing equation: MPN = A(100-N) a. I

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1. The marginal product of labor for a firm is defined by thefollowing equation: MPN = A(100-N)
 a. If the price of this firm’s output is $2.00 and productivityis 1.0, what will be the firm’s demand for labor if the nominalwage is $10. If the wage is $20? b. Repeat part a after doubling productivity. . . .

 
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