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Mrpl 350 500 mwc - PowerPoint PPT Presentation

First question

First question. In equilibrium: MRPL = MWC MRPL=20-0.5T=10 T= (10-20)/(-0.5)= 20 Answer: It will hire 20 workers. Second question. 1. LDR starts with the 3rd worker, since its contribution is smaller than the previous worker for the first time 2. The MPL of the 3rd worker is 5

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Mrpl 350 500 mwc - PowerPoint PPT Presentation

First question