4. If the price of DVD is $20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ? 5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?
4. If the price of DVD is $20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ? 5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.1: Factor Market
Problem 2ST
Related questions
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just answer 4 and 5
![QUESTION 9
The following table shows the DVDS production. Study the table and answer the questions?
Labor (L)
Total
Marginal
Product
Average
Product of
product of
labor (TPL)
(MPL)
labor (APL)
20
30
3
36
4
40
42
6.
42
Based on the above table
1. How much is the marginal product (MPL) of the 3rd
2. Which labor has the largest marginal product?
3. What is the value of Average Product of labor (APL) at 5 labors.
labor?
4. If the price of DVD
5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?
$20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ?
For the toolbar press AL TE10 0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ea7bb77-315d-45b1-8880-24a7535f18f8%2Fbfbbc3e7-6319-48f4-90bb-ff470cc4745c%2F75t13zo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 9
The following table shows the DVDS production. Study the table and answer the questions?
Labor (L)
Total
Marginal
Product
Average
Product of
product of
labor (TPL)
(MPL)
labor (APL)
20
30
3
36
4
40
42
6.
42
Based on the above table
1. How much is the marginal product (MPL) of the 3rd
2. Which labor has the largest marginal product?
3. What is the value of Average Product of labor (APL) at 5 labors.
labor?
4. If the price of DVD
5. If the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?
$20, what is the values of Marginal Revenue Product of labor (MRPL) at 2nd labor ?
For the toolbar press AL TE10 0
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