Labor Output MP of labor MRP labor Wage Marginal Profit 0 0 NA NA NA NA 1 4 4 40 30 10 2 10 30 3 5 50 30 4 3 30 0 5 20 6 21 1 30 -20 Consider the...

LaborOutputMP of laborMRP laborWageMarginal Profit

00NANANANA

144403010

21030

355030

43300

520

621130-20

Consider the table above. What is the marginal revenue product of the 5th worker?

Consider the table above. What is the marginal profit when 2 workers are hired?