If the price per bushel of wheat is $3 and the marginal
Product of labor is 4 bushels per hour, then what is the
Hourly wage?
A)$0.75
B)$1.33
C)$12
D)4 bushels

Name: If the price per bushel of wheat is $3 and the marginal Product of labor is 4 bushels per hour, then what is the Hourly wage? A)$0.75 B)$1.33 C)$12 D)4 bushels
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Question

Quizplus · Accepted Answer

The hourly wage is calculated by multiplying the marginal product of labor (4 bushels per hour) by the price per bushel ($3), resulting in $12 per hour.

If the Price Per Bushel of Wheat Is $3 and the Marginal