Neoclassical Labor Demand Nancy Botwin has a business that grows weed for sale. Her manager...
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Neoclassical Labor Demand Nancy Botwin has a business that grows weed for sale. Her manager has estimated that she can increase output per day by hiring additional workers along the following schedule. Marginal MRP Workers Ounces Product @$757oz 7 20 38 2 3 54 4 68 5 80 6 90 7 98 8 104 9 108 110 10 unce Nancy sells home weed at a wholesale price of 1. How many workers will she hire and Will she produse if workers are paid $1050/day? 2. How man workers will she hire and how much will she produce if workers are paid $750/day? Silent
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