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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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