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Author Question: Tom and Mary grow tomatoes. They can hire different numbers of college students to help plant, ... (Read 93 times)

ashley

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on: May 24, 2019
Tom and Mary grow tomatoes. They can hire different numbers of college students to help plant, cultivate, and harvest the tomatoes. The table below gives their marginal product schedule.



a.   If the price of a pound of tomatoes is $2 a pound, complete the first value of marginal product column in the table. If Tom and Mary must pay their workers $10 an hour, how many workers do they hire?
b.   If the price of a pound of tomatoes falls to $1 a pound, complete the second value of marginal product column in the table. If Tom and Mary still must pay their workers $10 an hour, how many workers do they hire?
c.   When the price of a pound of tomatoes falls, what happens to Tom and Mary's demand for labor curve?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by ashley on May 24, 2019

xMRAZ

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ashley

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Reply 2 on: May 24, 2019
Gracias!

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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