Question
The following table depicts the number of computer printers produced by HewlettPackard at various level of labor input per week. Assume the printers sell for
The following table depicts the number of computer printers produced by HewlettPackard at various level of labor input per week. Assume the printers sell for $100 each.
Calculate the marginal product of labor.(Enter numeric responses in the table below using realnumbers.)
Quantity of Labor Output of Printers Per Week Marginal Product of Labor
0 0 ?
1 21 ?
2 40 ?
3 57 ?
4 72 ?
5 85 ?
6 96 ?
Calculate the marginal revenue product of labor.
Quantity | Output of Printers | Marginal Product | Marginal Revenue
of Labor Per Week of Labor Product of Labor
0 0 - -
1 21 21 ?
2 40 19 ?
3 57 17 ?
4 72 15 ?
5 85 13 ?
6 96 11 ?
If the market wage rate is $1150 perweek, then HewlettPackard should hire
nothing _____?______ workers.
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