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Table: Production and Prices in Two Industries Marginal Product of Labor in Marginal Product of Labor in Price of Agricultural Price of Manufactured Agriculture (MPLa)
Table: Production and Prices in Two Industries Marginal Product of Labor in Marginal Product of Labor in Price of Agricultural Price of Manufactured Agriculture (MPLa) Manufacturing (MPLm) Good (Pa) Good (Pm) 5 3 $10 $10 According to the information provided in the table, if the price of the agricultural good decreases to $5 , then: 0 wages in the manufacturing sector will be $25. 0 more agricultural goods should be imported. O the wage rate in the agriculture sector will be $25. 0 the marginal product of both sectors will decline
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