The market for spring rolls spring perfectly competitive, and the price of a spring rolls $3.503.50. The labor market is competitive, and the wage rate is $126.00 a day.
The table shows the workers' total product schedule.
Emperor's installs a new oven that increases the productivity of workers by 50percent.
If the price remains at $3.503.50a spring rolls the wage changes tochangesto$157.50 a day, how many workers will Emperor's hire?
|
Workers
|
Spring rolls Spring rolls per day
|
|
2
|
23
|
|
3
|
59
|
|
4
|
89
|
|
5
|
113
|
|
6
|
125
|