Frank Gunter owns an apple orchard. He employs 58 apple pickers and pays them $6 per...

Question

Question

Frank Gunter owns an apple orchard. He employs 58 apple pickers and pays them $6 per hour to pick apples, which he sells for

Answer 1

Answer #1

Answer
a firm hire the last worker at the
MRP=wage
the marginal revenue product is $6

marginal product =MRP/price of the product
=6/2
=3 boxes per hour

MRP=6 and MPL=2

Answer 2

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