Spring rolls per day The market for spring rolls is perfectly competitive, and the price is $2.00 a spring roll. The labor market is competitive, and the wage rate is $48.00 a day. Workers 40 3 76 The table shows part of the workers' total product schedule. 4 106 Calculate the marginal product of hiring the fourth worker and the value of the marginal product of the fourth worker. 130 6. 142 The marginal product of hiring the fourth worker is spring rolls a day. The value of the marginal product of the fourth worker is $ a day.
Spring rolls per day The market for spring rolls is perfectly competitive, and the price is $2.00 a spring roll. The labor market is competitive, and the wage rate is $48.00 a day. Workers 40 3 76 The table shows part of the workers' total product schedule. 4 106 Calculate the marginal product of hiring the fourth worker and the value of the marginal product of the fourth worker. 130 6. 142 The marginal product of hiring the fourth worker is spring rolls a day. The value of the marginal product of the fourth worker is $ a day.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 6SQP
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Transcribed Image Text:Emperor Spring Rolls produces spring rolls.
The market for spring rolls is perfectly competitive, and the price is $2.00 a spring roll. The labor market is
competitive, and the wage rate is $48.00 a day.
Spring rolls
per day
Workers
2
40
3
76
The table shows part of the workers' total product schedule.
4
106
Calculate the marginal product of hiring the fourth worker and the value of the marginal product of the fourth
worker,
130
6.
142
The marginal product of hiring the fourth worker is spring rolls a day.
The value of the marginal product of the fourth worker is
$ a day.
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