Wage Determination-Productivity and Prices Exercise 1 (Algo) Billy is hiring workers to help him install solar panels. The table below presents the marginal product (in terms of solar panels installed per week) of various workers. Assume this is a perfectly competitive market. What is the marginal revenue product of each worker if the current market price to install one solar panel is $40? What if the current market price is $80? $120? Using the table below, fill in the "Marginal Revenue Product" columns. Instructions: Enter your answers as a whole number. nces Labor Productivity and Marginal Revenue Product for Solar Panel Installers Marginal Revenue Marginal Revenue Marginal Revenue Labor Marginal Product Product for P = $40 Product for P = $80 Product for P = $120 (workers) (solar panels) (dollars) (dollars) (dollars) 1 18 $ $ $ N 16 w 14 12 5 10 8 6