The fish market is competitive and the price of fish is 50, Microeconomics

The fish market is competitive and the price of fish is 50

Question: Wanda's is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:

The fish market is competitive and the price of fish is 50¢ a kilogram. The market for packers is competitive and their market wage rate is $7.50 an hour.

Calculate the value of marginal product of labour and draw the value of marginal product curve.

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Microeconomics: The fish market is competitive and the price of fish is 50

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Microeconomics: The fish market is competitive and the price of fish is 50

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