Problems
13. The Apple Pie Factory produces apple pies. The firm sells its
product and hires its workers in competitive markets. The market
price (p) for a pie is $4, and the wage rate (w) is $10 per hour.
The table below shows the total hourly production (Q) for
varying amounts of workers (L). (Remember that for a price-
taking firm, )L Q w p MP MRP4 40
5 48
6 55
7 61
8 66
9 70
10 73
p=MR.