1. Explain how the profit maximzing level of an input is determined.

1. Explain how the Profit maximizing level of an input is determined. 2. Spud sells French fries at the county fair and charges $6 per bucket of fries. By hiring one cook at $10 per hour, the stand can provide 240 buckets of fries per eight-hour day. By hiring a second cook at the same wage rate, the stand can now provide a total of 420 buckets per day. Calculate the marginal product of the second cook. (Show your work)