How many workers should an apple orchard hire


Problem: The following schedule shows the production schedule at the delicious Apple Orchard for 2006:

WORKERS    TOTAL BUSHELS OF APPLES PER DAY
0    0
1    40
2    70
3    90
4    100
5    105
6    102

If apples sell for $2 per bushel and workers can be hired in a competitive labor market for $30 dollars per day, how many workers should be hired? What if workers unionized and the wage rose to $50? (Hint: Create marginal product and marginal revenue product columns for the table.) Explain your answers clearly.

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Managerial Economics: How many workers should an apple orchard hire
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