The marginal product of labor at One Guy's Pizza is MP_L(L) =
. One Guy's pays each unit of labor the minimum wage of $6.00. Also, One Guy's can sell all the pizza it produces for $12. What is the optimal level of labor employment for One Guy's pizza? If the minimum wage is raised to $8, what impact will this have on One Guy's optimal labor employment level?

Question

The marginal product of labor at One Guy's Pizza is MP_L(L) =

The marginal product of labor at One Guy's Pizza is MP<sub>L</sub>(L) = . One Guy's pays each unit of labor the minimum wage of $6.00. Also, One Guy's can sell all the pizza it produces for $12. What is the optimal level of labor employment for One Guy's pizza? If the minimum wage is raised to $8, what impact will this have on One Guy's optimal labor employment level?

. One Guy's pays each unit of labor the minimum wage of $6.00. Also, One Guy's can sell all the pizza it produces for $12. What is the optimal level of labor employment for One Guy's pizza? If the minimum wage is raised to $8, what impact will this have on One Guy's optimal labor employment level?

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The Answer of The marginal product of labor at One Guy's Pizza is MP_L(L) = . One Guy's pays each unit of labor the minimum wage of $6.00. Also, One Guy's can sell all the pizza it produces for $12. What is the optimal level of labor employment for One Guy's pizza? If the minimum wage is raised to $8, what impact will this have on One Guy's optimal labor employment level?

The Marginal Product of Labor at One Guy's Pizza Is