Jordan’s jackets produces two types of coats using the same workers. The production function and marginal product of labor for each type can be expressed as : Y1=500+200L1-2L12 , MPL1=200 – 4L1 Y2= 300+ 100L2 -0.5L2 ,MPL2= 100 – L2 A. Assume P1=8, P2=10, what is the marginal revenue product for each type of coat […]
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