sunshine's organic market sells organic produce.assume that labor is only input that varies for the firm. the store manager has determined that if she hire nine workers , the store can sell 200 pounds of produce per day . if she hires 10 workers , the strore can sell 230 pounds of produce per day. the store earn $4 for each pound of produce that it sells , and the manager pays each workers $60 per day . which of the following is correct ? (a) the firms increase its profit if its hire fewer nine workers . (b) for the 10th workers, marginal revenue product(value of the marginal product) is $120 per day (c) for the 10th workers, marginal product is 20 pound of produce per day (d) the marginal profit from the 10th worker is $120
sunshine's organic market sells organic produce.assume that labor is only input that varies for the firm. the store manager has determined that if she hire nine workers , the store can sell 200 pounds of produce per day . if she hires 10 workers , the strore can sell 230 pounds of produce per day. the store earn $4 for each pound of produce that it sells , and the manager pays each workers $60 per day .
which of the following is correct ?
(a) the firms increase its profit if its hire fewer nine workers .
(b) for the 10th workers, marginal revenue product(value of the marginal product) is $120 per day
(c) for the 10th workers, marginal product is 20 pound of produce per day
(d) the marginal profit from the 10th worker is $120
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