Question: 17.4 Let mvp, be the marginal value product for worker i, which is the price of a firm's good multiplied by the marginal product of

17.4 Let mvp, be the marginal value product for worker i, which is the price of a firm's good multiplied by the marginal product of the worker. Assume that log(mvp) B+Bx + ... + Bxk + ui wage=max(mvp,,minwage), where the explanatory variables include education, experience, and so on, and minwage, is the minimum wage relevant for person i. Write log(wage,) in terms of log(mvp) and log(minwage;).

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