Suppose that the total product of labor per hour) for a restaurant is given by
TP_L = 77L - 2.5L².
a. Find the MP_L function.
b. How many workers should the restaurant employ if the wage rate is $10.00 per hour, the average price of a meal is $8.00, and the average cost per meal of the food ingredients is $3.00? Why?

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The Answer of Suppose that the total product of labor per hour) for a restaurant is given by TP_L = 77L - 2.5L². a. Find the MP_L function. b. How many workers should the restaurant employ if the wage rate is $10.00 per hour, the average price of a meal is $8.00, and the average cost per meal of the food ingredients is $3.00? Why?

Suppose That the Total Product of Labor Per Hour) for a Restaurant