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QUESTION
Frank Gunter owns an apple orchard. He employs 87 apple pickers and pays them $8 per hour to pick apples, which he sells for $1.60 per box.
Frank Gunter owns an apple orchard. He employs 87 apple pickers and pays them $8 per hour to pick apples, which he sells for $1.60 per box. If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? What is that worker's marginal product?
