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KYLE CAN MAKE FIVE FLOWER BARRETTES EACH HOUR. HE WORKS EIGHT HOURS EACH DAY. KYLE IS PAID $75 A DAY. THE FIRM CAN SELL THE

  1. KYLE CAN MAKE FIVE FLOWER BARRETTES EACH HOUR. HE WORKS EIGHT HOURS EACH DAY. KYLE IS PAID $75 A DAY.

THE FIRM CAN SELL THE BARRETTES FOR $1.99 EACH.

  1. WHAT IS KYLE'S VALUE OF THE MARGINAL PRODUCT OF LABOR?
  2. SHOULD THE FIRM KEEP KYLE, WHY?

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