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(Solved): The marginal product of labor (measured in units of output) for a certain firm is: MPN ...



The marginal product of labor? (measured in units of? output) for a certain firm? is: MPN? = A?(100minus?N?), where A measures productivity and N is the number of labor hours used in production. The price of output is? $2 per unit. ?(Round all answers to two decimal places?.) If A? = 44 and the nominal wage is ?$4040?, the quantity of labor demanded will be 9595. Part 2 If A? = 44 and the nominal wage is ?$6060?, the quantity of labor demanded will be 92.592.5. Part 3 Assume that A is equal to 44.



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