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The following table depicts the output of a firm that manufactures wireless earbuds. The earbuds sell for ?$5 each. Part 2 Labor Input ?(workers per?

The following table depicts the output of a firm that manufactures wireless earbuds. The earbuds sell for

?$5

each.

Part 2

Labor Input

?(workers per? hour)

Total Physical Output

?(earbuds per? hour)

Marginal Physical

Product

Marginal Revenue

Product

10200
?-?-
11221

enter your response here

enter your response here

12239

enter your response here

enter your response here

13254

enter your response here

enter your response here

14266

enter your response here

enter your response here

15275

enter your response here

enter your response here

16281

enter your response here

enter your response here

Calculate the marginal physical product at each input level above 10 units.???(Enter your responses in the table above as whole? numbers.)

Calculate the marginal revenue product at each input level above 10 units.

Part 3

Suppose this firm has chosen to hire 15 workers.??

What is the maximum wage the firm would be willing to? pay???

?$enter your response here

.

?(Enter your response as a whole? number.)

image text in transcribed
The following table depicts the output of a rm that manufactures wireless earbuds. The earbuds sell for $5 each. Labor Input (workers per hour) 10 11 12 13 14 15 16 Total Physical Output (earbuds per hour) 200 221 239 254 266 275 281 Marginal Physical Product Marginal Revenue Product Calculate the marginal physical product at each input level above 10 units. (Enter your responses in the table above as whole numbers.) Calculate the marginal revenue product at each input level above 10 units. Suppose this rm has chosen to hire 15 workers. What is the maximum wage the rm would be willing to pay? $ . (Enteryaur response as a whole number.)

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