A new coffee shop opens and to maximize profit it hires 5, Econometrics

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A new coffee shop opens and to maximize profit it hires 5

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?

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Econometrics: A new coffee shop opens and to maximize profit it hires 5

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Econometrics: A new coffee shop opens and to maximize profit it hires 5

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