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Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
week. If the wage is $500, how many workers would the ranch hire ?

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Tundexi

A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

What is a marginal labor?

This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.

Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

Read more about marginal labor

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