Emperor Sping Rolls produces spring ros The market for spring rols is perfectly

Question

Emperor Sping Rolls produces spring ros The market for spring rols is perfectly compettive, and the price is $250 a Spring rolls per day Workers spring roll The labor market is compettive, and the wage rate is $30 00 a day The table shows part of the workers'total product schedude Calculate the marginal product of hiring the fith worker and the value of the 30 42 52 60 marginal product of the fth worker 64 The margnal product of hring the fmwme sspring rols a day The value of the marginal product of the fth worker is aday.

Explanation / Answer

Workers

Spring rolls per day

MP

MPV

2

30

3

42

12

4

52

10

5

60

8

20

6

64

4

MP at fifth worker = (60-52)/(5-4) = 8 and

MPV = 8*2.5 = 20

Workers

Spring rolls per day

MP

MPV

2

30

3

42

12

4

52

10

5

60

8

20

6

64

4

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