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  3. 3 at tuxis tacos cost 250 p25 and the market...

Question: 3 at tuxis tacos cost 250 p25 and the market...

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3. At Tuxis, tacos cost $2.50 (p-25) and the market wage for labor is $12.50. Calculate the marginal product of labor (MPE), average product of labor (APE), value of the marginal product of labor (MRPE), and value of the average product of labor (VAPE) in the chart below. (2 points) Number of workers Average product MRPE MPE Value of the AP 15 28 38 47 54 59 62 64 Whats the optimal amount of labor to use (2 pts)? What would be the per-hour profits at Tuxis if capital costs S50 per hour? (2 points)

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