Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hiring 1 more. The hourly wage for an employee is $30 per hour. An average moving job takes 4 hours. The company currently does 3 moving jobs per week, but with 1 more employee, the company could manage 5 jobs per week. The company charges $100 for a moving job.
Instructions: Round your answers to the nearest whole number.
a. The new employee's marginal product of labor is moving jobs.
b. The value of that marginal product is $.