Taco King produces tacos The market for tacos is perfectly compettive, and the price is $3.50 a taco. The labor market is competitive and the wage rate is $105.00 a day The table shows part of the workers total product schedule Calculate the marginal product of hining the third worker and the value of the marginal product of the third worker The marginal product of hiring the third workar is tacos a day The value of the marginal product of the third worker is day Workers 3 4 5 Tacos per day 44 80 110 134 146
Taco King produces tacos The market for tacos is perfectly compettive, and the price is $3.50 a taco. The labor market is competitive and the wage rate is $105.00 a day The table shows part of the workers total product schedule Calculate the marginal product of hining the third worker and the value of the marginal product of the third worker The marginal product of hiring the third workar is tacos a day The value of the marginal product of the third worker is day Workers 3 4 5 Tacos per day 44 80 110 134 146
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 15P
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Question
![Taco King produces tacos
The market for tacos is perfectly competitive, and the price is $3.50 a taco. The labor market is competitive, and the wage
rate is $105.00 a day
The table shows part of the workers total product schedule
Calculate the marginal product of hiring the third worker and the value of the marginal product of the third worker
The marginal product of hiring the third worker is tacos a day
The value of the marginal product of the third worker is
Saday
1
C
Workers
2
3
4
5
6
Tacos
per day
44
80
110
134
146](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98bdc79b-ae2c-422f-baba-34bea6f0e7c6%2Fbfbda0ef-639c-4c00-8c65-a13c62017d7d%2F32f9ops_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Taco King produces tacos
The market for tacos is perfectly competitive, and the price is $3.50 a taco. The labor market is competitive, and the wage
rate is $105.00 a day
The table shows part of the workers total product schedule
Calculate the marginal product of hiring the third worker and the value of the marginal product of the third worker
The marginal product of hiring the third worker is tacos a day
The value of the marginal product of the third worker is
Saday
1
C
Workers
2
3
4
5
6
Tacos
per day
44
80
110
134
146
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