The market for Haskap berries is perfectly competitive, and the price of Haskap berries is $2 per bucket. The labour market is competitive, and the market wage rate is $16/hour.

Table 1.0 below shows the workers' total product schedule: ( data in the picture)

1.What is the marginal product of the third worker hired, and what is that worker's Value of Marginal Product?

2.How many workers will Robert hire to maximize profit and what will the workers produce?

3.If the market wage rate rises to $20/hour, how many workers will Robert hire?

Paragraph Styles 2 1 3 . 1 . 5 . 1 . 6 . 1 7 18 . 1 . 10 . 1 . 11 . 1 . 12 . 1 . 13 . | . 14 The market for Haskap berries is perfectly competitive, and the price of Haskap be bucket. The labour market is competitive, and the market wage rate is $16/hour. Table 1.0 below shows the workers' total product schedule # of workers # buckets of Haskap berries produced per hour 14 26 H U A W N P 36 44 50 Table 1.0 Answer the following: 1. What is the marginal product of the third worker hired, and what is that w of Marginal Product