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SebKom SebKom
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6 years ago
The output of workers at a factory depends on the number of supervisors employed.  The factory sells its good in a competitive product market at a price of P = $5. The daily wage of supervisors is W = $600. Fill in the MPL and MRPL columns in the table below.

Supervisors   Output (units per day)   Marginal Product (MPL)   Marginal Revenue Product (MRPL)
0   100      
1   500      
2   860      
3   1160      
4   1400      
5   1560      
6   1640      
7   1680      
8   1680      

How many supervisors should the firm employ?  Explain why.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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ShadiasShadias
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6 years ago
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wrote...
#2
4 years ago
Thank you, correct
wrote...
#3
4 years ago
thank you friend
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