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The market for spring rolls spring perfectly competitive

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Reference no: EM131309479

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

Reference no: EM131309479

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