9.This question is based on the following data, which are for an apple farmer who canhire migrant apple pickers at $80 per day.Those dreadful little men stand between you and several entries in the followingtable. While it would be nice to have all these data, it is really quite unnecessary.a.b.C.Number of Apple OutputPickers(pounds)12345678910Complete the table30本100115臺運登登登"144臺Average Productof Laborabove.(pounds)27201614Marginal Productof Labor(pounds)28G ANIf the price of apples is S6 per pound, how many (if any) apple pickers shouldthe profit-maximizing farmer hire and why?What is the average variable cost of the output corresponding to six applepickers?

Profit maximizing point is achieved at the point where value of marginal product of labor is equal…

9. This question is based on the following data, which are for an apple farmer who can hire migrant apple pickers at $80 per day. Those dreadful little men stand between you and several entries in the following table. While it would be nice to have all these data, it is really quite unnecessary. Number of Apple Output Pickers (pounds) Average Product of Labor (pounds) Marginal Product of Labor (pounds)

9. This question is based on the following data, which are for an apple farmer who can hire migrant apple pickers at $80 per day. Those dreadful little men stand between you and several entries in the following table. While it would be nice to have all these data, it is really quite unnecessary. Number of Apple Output Pickers (pounds) Average Product of Labor (pounds) Marginal Product of Labor (pounds)

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 1PA

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