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Fresh Veggie is one of many small farms in Florida operating in a perfectly competitive market

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Fresh Veggie is one of many small farms in Florida operating in a perfectly competitive market. Farm labor is also perfectly competitive, and Fresh Veggie can hire as many workers as it wants for $25 a day. The daily productivity of a tomato picker is given in the table below. Number of Workers 0 Bushels of Tomatoes 0 1 12 22 2 3 30 4 5 35 38 40 6 Instructions: Enter your answer as a whole number. If a bushel of tomatoes sells for $6, Fresh Veggie will hire: worker(s). S
Research suggests that the productivity of capital has increased relative to the productivity of labor in the last two decades. Which of the following best describes the likely effect on the factor distribution of income, all other things equal? The rental rate on capital would rise, but the share of income would not change. O The share of factor income received by capital would increase, and the share of factor income going to labor would decrease. O The wage rate would fall, but the share of income would not change. O Total income received by labor would fall. The share of factor income received by labor would increase, and the share of factor income going to capital would decrease.