What marginal revenue does the firm earn from sale, Macroeconomics

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What marginal revenue does the firm earn from sale

What marginal revenue does the firm earn from sale of the output produced by the last worker employed? A firm hires labor in a completely competitive labor market. Its current profit-maximizing hourly output is 100 units, which the firm sells at a price of $5 per unit. The marginal physical product of the last unit of labor employed is 5 units per hour. The firm pays each worker an hourly wage of $15.

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Macroeconomics: What marginal revenue does the firm earn from sale

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Macroeconomics: What marginal revenue does the firm earn from sale

Reference No:- TGS0870441

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Recent Questions Asked Macroeconomics

Q : Population of five officials

Q : Calculate the growth of total factor productivity

Q : Game between two equal teams

Q : Write down a one-page critique of the human development

Q : What marginal revenue does the firm earn from sale

Q : Determine the probability that the next customer

Q : What factors would affect the elasticity of supply

Q : Discuss how do you think you might measure the net impact

Q : Type of sampling scheme

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: What marginal revenue does the firm earn from sale

Reference No:- TGS0870441

Recent Questions Asked Macroeconomics

Q : Population of five officials

Q : Calculate the growth of total factor productivity

Q : Game between two equal teams

Q : Write down a one-page critique of the human development

Q : What marginal revenue does the firm earn from sale

Q : Determine the probability that the next customer

Q : What factors would affect the elasticity of supply

Q : Discuss how do you think you might measure the net impact

Q : Type of sampling scheme

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