Imagine a firm that employs two types of workers – some with computer skills and others with no technology related skills. (i) Explain how a firm’s production function is related to its marginal product of labour, how a firm’s marginal product of labour is related to the value of its marginal product and how a firm’s value of marginal product is related to its demand for labour.  (ii) Explain how the wage can adjust to balance the supply and demand for labour while simultaneously equalling the value of the marginal product of labour.

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