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Qusetion: Suppose that die number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 39, 78, 99, and 108. Calculate the marginal and average products of labor that would have resulted. Check that the relation between these average and marginal products satisfies the properties discussed in the text.

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Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92582686

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