How technology affect the marginal product for labour
Suppose firms' technology improves. How does this affect the marginal product for labour and the equilibrium real wage in the labour market (for a given upward sloping labour supply curve)?
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Corporation also received a $600,000 dividend from a 10 percent-owned corporation. How much is Corporation's taxable income for the current taxable year?
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If the market price of the product is $336, how much output should the firm produce in order to maximize profit? How much profit will this firm make?
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