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Quantity of Labor Output Marginal Physical Wage Marginal Cost Product (MPP) 0 0 1 100 (C) $600 (E) 2 (A) 75 600 (F) 3 (B) 50 600 (G) 4 240 (D) 600 (H) Assume that labor is the only variable input and that each additional laborer is paid $600. What is the marginal cost of producing this good with 3 and 4 laborers working blanks (G) and (H)], respectively?a) 175 units; 225 units b) 100 units; 175 units c) 100 units; 225 units d) so units; 175 units e) none of the above

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Quantity of Labor Output Marginal Physical Wage Marginal Cost Product (MPP) 0 0 1 100 (C) $600 (E) 2...

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