Problem
1. Can you think of some types of workers whose marginal products probably were raised by computerization? Are there any whose marginal products were probably reduced? Can you characterize the difference between the two types of jobs in general terms?
2. Suppose you are the sole producer of commodity X, which was just invented to clean the snow from sidewalks more efficiently, and you have produced enough to sell for two winters. If the quantity you expect to sell in 2011 would yield MR 5 $400 and in 2012 it will be $300, what can you do to try to increase your total profit?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.