A new pizza producing technology changes One Guy's marginal product of labor from
MP_L (L) =
to MP*_L(L) =
. If One Guy's can sell all the pizza it produces for $12 and pays each unit of labor $8, what happens to the level of employment due to this technology change?

Question

A new pizza producing technology changes One Guy's marginal product of labor from
MP_L (L) =

A new pizza producing technology changes One Guy's marginal product of labor from MP<sub>L</sub> (L) = to MP*<sub>L</sub><sub> </sub>(L) = . If One Guy's can sell all the pizza it produces for $12 and pays each unit of labor $8, what happens to the level of employment due to this technology change?

to MP*_L(L) = A new pizza producing technology changes One Guy's marginal product of labor from MPL (L) = to MP*L (L) = . If One Guy's can sell all the pizza it produces for $12 and pays each unit of labor $8, what happens to the level of employment due to this technology change?

. If One Guy's can sell all the pizza it produces for $12 and pays each unit of labor $8, what happens to the level of employment due to this technology change?

Quizplus · Accepted Answer

The Answer of A new pizza producing technology changes One Guy's marginal product of labor from MP_L (L) = to MP*_L(L) = . If One Guy's can sell all the pizza it produces for $12 and pays each unit of labor $8, what happens to the level of employment due to this technology change?

A New Pizza Producing Technology Changes One Guy's Marginal Product