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Earn +20 ptsQ: What is the formula to find the marginal product?
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How do you find the markup of 50 percent a 200 dollar suit?
Calculate the marginal cost of producing the suit. In an ideal, competitive world, the marginal cost = price, so this will be our base. Then you simply find 200 - marginal cost and this provides you the markup.
The increase in output created by the addition of one more unit of input is called?
marginal product of labor (:
When a firm's only variable input is labor then what does the slope of the production function measures?
marginal product of labor
What does find each product mean?
find each product
How do you find the power of product?
to find a power of a product you add the exponents
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