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6} Labor Demand [3 points] Suppose the table below shows the productivity for workers at a small farm in the Central Valley which operates in
6} Labor Demand [3 points] Suppose the table below shows the productivity for workers at a small farm in the Central Valley which operates in a perfectly competitive market. The farm produces cherries; which sell for $6 per pound. The rm can hire as many workers as it wants, at a wage of$ 121} per worker per day. a. Based on the values given, calculate the marginal product and value of the marginal product [marginal revenue product] of each worker. Enter your answers directly into the table. Number of Pounds of Marginal Product 1llalue of Marginal Workers Cherries [lbs oi cherries] Product {.5} b. It the farm's goal is to maximize prot, howr many workers should it hire per hour? Explain briey
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