Use the following graph,which depicts Mighty Max's labor demand for his duffel bag business,to answer the following questions.The labor demand curve shown is calculated based on a duffel bag price of $10.
-Assume that the price per duffel bag rises from $10 to $20.What is the value of the marginal product of labor of the twentieth worker?
A) $30
B) $40
C) $50
D) $60
E) $70
Correct Answer:
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A) wages
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