Suppose college graduate earn25 an hour and high school


Suppose college graduate earn$25 an hour and high school graduates earn $15 an hour. Suppose too that the marginal product of college graduate at Jonson Tools is five hammers per hours, while the marginal product of high school graduates is four hammers per hour. (Regardless of the number of each type of worker employed).

What is the production function for Hammers?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Suppose college graduate earn25 an hour and high school
Reference No:- TGS0943711

Expected delivery within 24 Hours