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3 The table below represents the number of sandwiches (products) Suz Sandwich Shop makes each day as the owner hires more laborers. Refer to the
3 The table below represents the number of sandwiches ("products") Suz Sandwich Shop makes each day as the owner hires more laborers. Refer to the table below and the following information to complete the problem: The sandwiches sell for $15 each, regardless of how many sandwiches are sold. Each laborer hired is paid $20 per hour for eight hours a day, or $160. Table: Total Product and Marginal Product Labor Total Products per Day (units per period) 0 0 10 30 70 90 100 107 110 105 What is the marginal revenue for Suz Sandwich Shop? Calculate the value of the marginal product of labor (VMPL) for each laborer and input the values below. Omit the dollar sign, and use only whole numbers (i.e, no decimal points): Laborer 1: $ Laborer 2: $_ Laborer 3: $ Laborer 4: $ Laborer 5: $ Laborer 6: $ Laborer 7: $ Laborer 8: $ Assume Suz Sandwich Shop wants to maximize profits. How many laborers would Suz Sandwich Shop hire? (Use a whole number only here, no decimals.) 1 20 O DII DD F2 F3 F4 F5 F6 F7 F8 F9 # rth % & 3 4 5 6 8 9 E R T Y U O
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