Questionfrank gunter owns an apple orchard he employs 87, Ask an Expert

Economics

Question:

Frank Gunter owns an apple orchard. He employs 87 apple pickers and pays them each 8 dollars per hour to pick apples which he sells for 1.60 per box. If Frank is maximizing profit what is the marginal revenue product of the last worker he hired?

What is that worker''s marginal product?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91527451

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