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Kaiser's Ice Cream Parlour hires workers to produce milk shakes. Number of Quantity produced The market for milk shakes is perfectly competitive, and the price

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Kaiser's Ice Cream Parlour hires workers to produce milk shakes. Number of Quantity produced The market for milk shakes is perfectly competitive, and the price of a milk shake is $3.50. The labour market is workers milk shakes per day) competitive, and the wage rate is $56.00 a day. 30 54 The table shows the workers' total product schedule. 74 Calculate the marginal product of hiring the fifth worker and the value of the marginal product of the fifth worker. 90 98 The marginal product of hiring the fifth worker is milk shakes a day. The value of marginal product of the fifth worker is $ a day

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