Question: ( { } _ { n 0 } ) Martin's Magical Milk Farm produces cow's milk and sells it to a local store
n 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.
What is the marginal product of labor MPL for employing a third worker?
mathrmMPL
What is the value of the marginal product of labor VMPL for employing a sixth worker?
mathrmVMPL$
How many employees should Martin's farm employ?
How many employees should Martin's farm employ if the price he received per gallon of milk rose to $
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