Daily output of plastic aquarium plants for the AquaPlant Company (You must use Excel formulas to receive credit for completing the table.) / See Practice Problems (Production Theory) Plants are sold at wholesale for $1.50 to Walmart. Units of Output Marginal Product of Value of the Marginal Labor (MPL) Units of Labor (ТР) Product of Labor (VMPL) Marginal Wage Rate Marginal Profit 1 100 $100.00 2 250 $100.00 450 $100.00
Daily output of plastic aquarium plants for the AquaPlant Company (You must use Excel formulas to receive credit for completing the table.) / See Practice Problems (Production Theory) Plants are sold at wholesale for $1.50 to Walmart. Units of Output Marginal Product of Value of the Marginal Labor (MPL) Units of Labor (ТР) Product of Labor (VMPL) Marginal Wage Rate Marginal Profit 1 100 $100.00 2 250 $100.00 450 $100.00
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter20: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 2CQ
Related questions
Question
Use grey shaded cells only to complete this assignment.
Daily output of plastic aquarium plants for the AquaPlant Company. Plants are sold at wholesale for $1.50 to Walmart.
![Daily output of plastic aquarium plants for the AquaPlant Company (You must use Excel formulas to receive credit for completing the table.) / See Practice Problems (Production Theory)
Plants are sold at wholesale for $1.50 to Walmart.
Units of Output
Marginal Product of
Labor (MPL)
Value of the Marginal
Product of Labor (VMPL)
Units of
Labor
(ТР)
Marginal Wage Rate
Marginal Profit
1
100
$100.00
2
250
$100.00
450
$100.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2e5ad45-b1f1-4a6d-a22c-8f3caab0bc14%2F4b0e0bda-1ac9-4c40-96a2-93aa8f03e904%2F9hmyo2v_processed.png&w=3840&q=75)
Transcribed Image Text:Daily output of plastic aquarium plants for the AquaPlant Company (You must use Excel formulas to receive credit for completing the table.) / See Practice Problems (Production Theory)
Plants are sold at wholesale for $1.50 to Walmart.
Units of Output
Marginal Product of
Labor (MPL)
Value of the Marginal
Product of Labor (VMPL)
Units of
Labor
(ТР)
Marginal Wage Rate
Marginal Profit
1
100
$100.00
2
250
$100.00
450
$100.00
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