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Table 301 Assume That the Product Price Is $4 Per Unit and |

Question 43

Multiple Choice

Table 30.1  Number of  workers (per  hour)   Total output  (per hour)   Marginal  physical  product  (output per  worker)   Total revenue  (dollars per  hour)   Marginal revenue  product (dollars  per hour worker)  14219315419522\begin{array} { | c | r | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { workers (per } \\\text { hour) }\end{array} & \begin{array} { c } \text { Total output } \\\text { (per hour) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { physical } \\\text { product } \\\text { (output per } \\\text { worker) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars per } \\\text { hour) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { product (dollars } \\\text { per hour worker) }\end{array} \\\hline 1 & 4 & \ldots & & \ldots \\\hline 2 & 19 & & \\\hline 3 & 15 & & \\\hline 4 & 19 & & \\\hline 5 & 22 & & \\\hline\end{array} Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.1,the contribution to total revenue of the fourth worker hired is


A) $76 per hour.
B) $16 per hour.
C) $4 per hour.
D) $12 per hour.

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