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Solve for the Marginal Revenue Product of Labor

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Economics in Many Lessons

Economics in Many Lessons

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How to solve for the firm's marginal revenue product of labor from a production function (Cobb-Douglas). Marginal revenue product is the change revenue from hiring an additional worker.

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@ChristosGoulios
@ChristosGoulios 11 ай бұрын
These are so fun. :3
@EconomicsinManyLessons
@EconomicsinManyLessons 11 ай бұрын
Thanks!
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