Megan asked in Social ScienceEconomics · 8 months ago

Econ Homework?

A new coffee shop opens and to maximize profit it hires 5 workers at the competitive wage rate. The price of a cup of coffee is $4 and the value of marginal product of workers in the coffee shop is $12 an hour. What is the marginal product of the coffee shop workers? How much does a coffee shop worker earn?

2 Answers

  • Oiy
    Lv 6
    8 months ago

    It's surely $3. He/she should earn exactly $12.

  • Anonymous
    8 months ago

    Post this on Chegg, we aren't smart here on Yahoo Answers.

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