Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
SebKom SebKom
wrote...
Go to Answer
Posts: 242
Rep: 0 0
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:
Read 245 times
3 Replies
Replies
Answer verified by a subject expert
ShadiasShadias
wrote...
#1
Top Poster
Posts: 608
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 180 words.
1

Related Topics

wrote...
#2
3 years ago
Thank you, correct
wrote...
#3
3 years ago
thank you friend
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1021 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1154
  
 299
  
 167
Your Opinion
Who will win the 2024 president election?
Votes: 6
Closes: November 4
Previous poll results: Where do you get your textbooks?