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Markets for Factors of Production Wanda owns a fish shop She employs students to sort and pack the fish Students can pack the following amounts of fish in an hour

Exercise 9 Chapter 18 Part 1 Markets for Factors of Production Wanda owns a fish shop. She employs students to sort and pack the fish. Students can pack the following amounts of fish in an hour. Wanda can sell her fish for 33.33 cents a pound, and the wage rate of packers is $7.50 an hour. Number of studentsQuantity of fish (pounds)Marginal product of the studentsMarginal revenue product of the students12025039041205145616571808190 Please calculate the marginal product and the marginal revenue product of the students, then fill out the last two blank columns. How many students does Wanda employ?

Apr 30 2020 View more View Less

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