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Firm's Profit from an Employee
A firm's profit from an individual employee is the value of the output they produce minus the wage paid to them. In a simplified scenario where a diligent employee produces output y per week and a shirking employee produces zero, the firm's weekly profit is calculated as: Profit = y - w, where w is the weekly wage.
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Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.6 The firm and its employees - The Economy 2.0 Microeconomics @ CORE Econ
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