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assume that a firm producing baseballs in Costa Rica is able to hire as many workers...

assume that a firm producing baseballs in Costa Rica is able to hire as many workers as it wishes at the local wage rate of 100 pesos per day – and that each baseball sells for ten pesos.

This firm should purchase labor (-hire workers-) up to the point at which

          a.       MP = 40 baseballs (since MRP = 40 x 10 = 400 pesos).

          b.       MP = 30 baseballs (since MRP = 30 x 10 = 300 pesos).

          c.       MP = 20 baseballs (since MRP = 20 x 10 = 200 pesos).

          d.       MP = 10 baseballs (since MRP = 10 x 10 = 100 pesos).

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