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Use the Following Information to Answer the Questions That Follow

Question 99

Multiple Choice

Use the following information to answer the questions that follow.
Nicky L,owner of NLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L - L2
He also knows that the price of his output is $3.His profits can be found as:
Profit = P
Use the following information to answer the questions that follow. Nicky L,owner of NLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows: MPL = 32 - L The total output a given level of workers can produce is found as: Q = 32L - L<sup>2</sup> He also knows that the price of his output is $3.His profits can be found as: Profit = P Q - W L -The King Kupcake firm's worker productivity is presented in the accompanying table.When King Kupcake hires its 300th worker,what is that worker's marginal product of labor? A) 300 cupcakes B) 200 cupcakes C) 100 cupcakes D) 2 cupcakes E) 3 cupcakes Q - W
Use the following information to answer the questions that follow. Nicky L,owner of NLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows: MPL = 32 - L The total output a given level of workers can produce is found as: Q = 32L - L<sup>2</sup> He also knows that the price of his output is $3.His profits can be found as: Profit = P Q - W L -The King Kupcake firm's worker productivity is presented in the accompanying table.When King Kupcake hires its 300th worker,what is that worker's marginal product of labor? A) 300 cupcakes B) 200 cupcakes C) 100 cupcakes D) 2 cupcakes E) 3 cupcakes L
-The King Kupcake firm's worker productivity is presented in the accompanying table.When King Kupcake hires its 300th worker,what is that worker's marginal product of labor? Use the following information to answer the questions that follow. Nicky L,owner of NLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows: MPL = 32 - L The total output a given level of workers can produce is found as: Q = 32L - L<sup>2</sup> He also knows that the price of his output is $3.His profits can be found as: Profit = P Q - W L -The King Kupcake firm's worker productivity is presented in the accompanying table.When King Kupcake hires its 300th worker,what is that worker's marginal product of labor? A) 300 cupcakes B) 200 cupcakes C) 100 cupcakes D) 2 cupcakes E) 3 cupcakes


A) 300 cupcakes
B) 200 cupcakes
C) 100 cupcakes
D) 2 cupcakes
E) 3 cupcakes

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