Business
Business, 19.12.2021 21:40, ryanbasdao

The Red and Blue Bicycle Company makes handmade bicycles. When the company recently hired Mr. Sanders, their total output of bicycles (per year) increased from 85 to 100 bicycles. If the current market price of bicycles in the town is $212.50, what is Mr. Sanders' Marginal Revenue Product of Labor (or Value of the Marginal Product of Labor)?

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The Red and Blue Bicycle Company makes handmade bicycles. When the company recently hired Mr. Sander...

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