Marty's Frozen Yogurt has the production function per day shown in the accompanying table. The equilibrium wage rate for a worker is $80 per day. Each cup of frozen yogurt sells for $2.
Quantity of
Quantity of labor frozen yogurt
(workers) (cups)
0…………………………………. 0
1…………………………………. 110
2…………………………………. 200
3…………………………………. 270
4…………………………………. 300
5…………………………………. 320
6…………………………………. 330
a. Calculate the marginal product of labor for each worker and the value of the marginal product of labor per worker.
b. How many workers should Marty employ?