Question: a. How does the students marginal product change? b. How does the value of marginal product of labor change? The market price of fish falls

a. How does the students’ marginal product change?
b. How does the value of marginal product of labor change?
The market price of fish falls to 33.33¢ a pound, but the packers’ wage rate remains at $7.50 an hour.

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a The marginal product does not change For instance if Wanda hires 55 students ... View full answer

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