lectur9-page18

lectur9-page18 - 33.1 X $1.23 = $40.71 value of labor =...

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What can we say about economic efficiency of corn producers over time? Economic efficiency of labor in 1945, value of output =
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Unformatted text preview: 33.1 X $1.23 = $40.71 value of labor = 19.2 X $ .43 = $ 8.26 EElabor = $40.71 / $8.26 = 4.93...
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