A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP_L (L) =
to MP'_L_L(L) =
. If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

Question

A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP_L (L) =

A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP<sub>L</sub> (L) = to MP'<sub>L</sub><sub> </sub><sub>L</sub>(L) = . If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

to MP'_L_L(L) = A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MPL (L) = to MP'L L(L) = . If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

. If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

Quizplus · Accepted Answer

The Answer of A new motor manufacturing technology changes Ronald's Outboard Motor marginal product of labor from MP_L (L) = to MP'_L_L(L) = . If Ronald can sell all the motors he produces for $100 and pays each unit of labor $10, what happens to the level of employment due to this technology change?

A New Motor Manufacturing Technology Changes Ronald's Outboard Motor Marginal