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micro final notes

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Issue:

Business

 

Written by:

Camilla G

 

Date added:

July 31, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1429

 

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For example, MPL=?Q/?L. Average product: The total product (output) divided by the quantity of the variable input (APL=Q/L) Figure 9.7 (MPL & APL) ? As long as labor commands a positive wage, a manager would never employ the variable input in the region where its marginal product of labor is negative...
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For example, MPL=?Q/?L. Average product: The total product (output) divided by the quantity of the variable input (APL=Q/L) Figure 9.7 (MPL & APL) ? As long as labor commands a positive wage, a manager would never employ the variable input in the region where its marginal product of labor is negative...
displayed 300 characters

General issues of this essay:
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