The market price of the product is $10 per unit and the market wage rate is $8.
Labor employed 4, total product 17
labor employed 5, total product 20
labor employed 6, total product 25
labor employed 7, total product 28
labor employed 8, total product 30
1. The marginal product of labor is the highest when the firm hires_____workers.
2. What is the value of the marginal product of labor when the firm hires 7 workers?