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Martin's Magical Milk Farm produces cow's milk and sells it to a local store for $ per gallon. Agricultural workers in the area are paid a fixed wage rate of $ per day. Use this information and the information in the table to answer the questions. Assume that the milk farm is profit maximizing.
tableWorkersQuantity of milk per day gallons
What is the marginal product of labor MPL foremploying a third worker?
gallons
What is the value of the marginal product of labor VMPL for employing a sixth worker?
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