Advanced Placement (AP), 05.03.2021 06:10 jalst6084
Let us assume that the value of each computer to the firm (selling price minus other costs) is $3,000. You can find the value of each additional worker (the VMP or value of the marginal product) quite easily. From this, answer the following questions. If the going wage for computer techs was $60,000, the firm would hire how many workers? If the going wage was $50,000, the firm would hire how many techs?. Finally, if the going wage was $40,000, the firm would hire how many?
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Let us assume that the value of each computer to the firm (selling price minus other costs) is $3,00...
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