Lets assume this situation is real! Dissimliar to Lyft, where drivers have their own vehicles, Ebay delivery companies own the delivery trucks and hire drivers. Refer to the table below, what is the marginal product of the 4th delivery driver? Using the table, if the profit/delivery is $5, what is the value of the marginal product of the 2nd delivery driver? Using the information above, if the pay rate is $170/day, how many delivery drivers should the company hire?
Lets assume this situation is real! Dissimliar to Lyft, where drivers have their own vehicles, Ebay delivery companies own the delivery trucks and hire drivers. Refer to the table below, what is the marginal product of the 4th delivery driver? Using the table, if the profit/delivery is $5, what is the value of the marginal product of the 2nd delivery driver? Using the information above, if the pay rate is $170/day, how many delivery drivers should the company hire?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Lets assume this situation is real!
Dissimliar to Lyft, where drivers have their own vehicles, Ebay delivery companies own the delivery trucks and hire drivers. Refer to the table below, what is the marginal product of the 4th delivery driver?
Using the table, if the profit/delivery is $5, what is the value of the marginal product of the 2nd delivery driver?
Using the information above, if the pay rate is $170/day, how many delivery drivers should the company hire?

Transcribed Image Text:Value of the
Marginal Product
of Labor
Marginal Product
of Labor
Number of Drivers
Total Deliveries
42
42
38
2
3
4.
80
114
144
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