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Joey Notices That by Employing an Additional Hairdresser,he Will Be

Question 107

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Joey notices that by employing an additional hairdresser,he will be able to increase the number of haircuts in his salon by 15 haircuts per day.The daily salary he will need to pay the hairdresser is $200.How much is the cost for an additional haircut? Describe the general relationship between the marginal product and marginal cost curves.

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Since employing an additional hairdresse...

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