Question: revenue will increase from $ 5 4 , 0 0 0 to $ 6 6 , 0 0 0 . Each additional worker costs $
revenue will increase from $ to $ Each additional worker costs $ per month, while an additional tractor would also cost $ per month.
Instructions: Enter your answers as a whole number.
a What is the marginal revenue product of labor?
$
The marginal revenue product of capital?
$
b What is the ratio of the marginal revenue product of labor to the price of labor MRPLPL
What is the ratio of the marginal revenue product of capital to the price of capital MRPCPC
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