The table below has the marginal product schedule for Nick's Pizza.
a.If pizza sells for $8 each,complete the last column of the table.
$$\begin{array} { c c c }
\begin{array} { c }
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { product } \
\text { (pizzas per hour) }
\end{array} & \begin{array} { c }
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 4 & - \
2 & 4 & - \
3 & 3 & - \
4 & 2 & - \
5 & 1 & - \
\hline
\end{array}$$
b.If Nick can hire workers at the going wage rate of $16 an hour,how many workers does Nick hire?

Question

The table below has the marginal product schedule for Nick's Pizza.
a.If pizza sells for $8 each,complete the last column of the table.
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { product } \
\text { (pizzas per hour) }
\end{array} & \begin{array} { c } 
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 4 & - \
2 & 4 & - \
3 & 3 & - \
4 & 2 & - \
5 & 1 & - \
\hline
\end{array}$$ 
b.If Nick can hire workers at the going wage rate of $16 an hour,how many workers does Nick hire?

Quizplus · Accepted Answer

The Answer of The table below has the marginal product schedule for Nick's Pizza.
a.If pizza sells for $8 each,complete the last column of the table.
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity of } \
\text { labor } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { product } \
\text { (pizzas per hour) }
\end{array} & \begin{array} { c } 
\text { Value of marginal } \
\text { product } \
\text { (dollars) }
\end{array} \
\hline 1 & 4 & - \
2 & 4 & - \
3 & 3 & - \
4 & 2 & - \
5 & 1 & - \
\hline
\end{array}$$ 
b.If Nick can hire workers at the going wage rate of $16 an hour,how many workers does Nick hire?

The Table Below Has the Marginal Product Schedule for Nick's