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Hires workers to harvest the grapes

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Reference no: EM131728395

King Estate makes an award winning Pinot Noir and hires workers to harvest the grapes. The diagram below shows the value of the marginal product of vineyard workers (VMPL). Several studies are published that show that red wine is very high in antioxidants. This increases the demand for Pinot Noir and its price. Use the copy tool to show what happens to the value of the marginal product of vineyard workers because of this change. Label the new curve VMPL2. Hint: make sure that VMPL2 is parallel to VMP.

Reference no: EM131728395

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