If your uncle is maximizing his profit what is the value of, Ask an Expert

Economics

Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $6 per hour, and a sandwich sells for $3. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker's marginal product?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M938584

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