Would a burrito restaurant hire an additional worker for


1. Would a burrito restaurant hire an additional worker for $10.00 an hour if that worker could produce an extra 30 burritos an hour and each burrito could add $0.60 in revenues?

2. Pam's Pretzels production is shown in the following table. It costs Pam's Pretzels $80 per day per worker. Each pretzel sells for $3.

2377_b7dfb347-5d00-4008-a5e8-6a94a44e4fe7.png

a. Compute the marginal product and the value of the marginal product that each worker creates.

b. How many workers should Pam's Pretzels hire?

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Econometrics: Would a burrito restaurant hire an additional worker for
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