Solved: What is the marginal product of the coffee shop workers, Microeconomics

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What is the marginal product of the coffee shop workers

Problem

A new coffee shop opens and to maximize profit it hires 5 workers at the competitive wage rate. The price of a cup of coffee is $4 and the value of marginal product of workers in the coffee shop is $12 an hour.

What is the marginal product of the coffee shop workers? How much does a coffee shop worker earn?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the marginal product of the coffee shop workers

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