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Business, 05.05.2020 17:37 Clark1212

Recently, some college alumni started a moving service for students living on campus. They have 4 employees and are debating hiring 1 more. The hourly wage for an employee is $20 per hour. An average moving job takes 4 hours. The company currently does 5 moving jobs per week, but with 1 more employee, the company could manage 8 jobs per week. The company charges $100 for a moving job. Instructions: Round your answers to the nearest whole number. a. The new employee’s marginal product of labor is b. The value of that marginal product is c. The moving service hire another worker.

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Recently, some college alumni started a moving service for students living on campus. They have 4 em...
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