Using the production information contained in Table 8.1 and assuming that the price of strawberries is $3
Question:
(a) $12 per hour, and
(b) $6 per hour?
Table 8.1
Transcribed Image Text:
Total Total Marginal Revenue Number Strawberry Output (Boxes x Strawberrles = Revenue (per Hour) Strawberry Price of of Plckers Product (per Hour) per Hour) (per Box) $2 $ 10 $ 10 $ 8 $ 6 $2 $100 1 (Marvin) 2 (George) $2 $2 $2 $2 $20 10 $28 $34 $38 $40 3 14 4 17 19 $ 2 $2 20 $2 $40 20 $-4 $2 $2 $36 $30 18 - $-6 15
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