Answer to Question #307403 in Microeconomics for Samuel

Question

The following data are for a kebab shop operating in perfectly competitive goods and labour markets. All figures are hourly and the market price for a kebab is

£2.10.

Number of workers

1 2 3 4 5 6

​

Wage Rate (£)

8.50 8.50 8.50 8.50 8.50 8.50

Total Physical Product of Labour (output in kebabs) 2

9

14

18

21

22

Answer 1

mode in excel

the first worker works best