Table 19-6Consider the following daily production data for M…
Table 19-6Consider the following daily production data for MadeFromScratch, Inc. MadeFromScratch sells cupcakes for $3 each and pays the workers a wage of $325 per day.Labor(Number of workers)Output(Cupcakes per day)Marginal Productof Labor(Cupcakes per day)Value of the MarginalProduct of Labor(Cupcakes)Wage(Dollars perworker per day)Marginal Profit(Dollars)00 325 1200 325 2350 325 3475 325 4575 325 Refer to Table 19-6. What is the value of the marginal product of the first worker?
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