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Business, 21.11.2020 08:50 koolja3

Suppose a campus restaurant increases the number of workers it hires from 2 workers per day to 12 workers per day. As a result, it total revenue increases from $90 per day to $600 per day.

Assuming that each worker is equally productive, whats the marginal revenue product per day of each additional worker?

Assuming the restaurant is using its resources in a profit-maximizing way, and that each worker works 5 days each week, whats is the current weekly wage rate in the labor market?

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