Solved

- Assume That the Product Price Is $4 Per Unit

Question 26

Multiple Choice

- 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 30.3,the contribution to total revenue of the fourth worker hired is A) $76 per hour. B) $16 per hour. C) $4 per hour.
- 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 30.3,the contribution to total revenue of the fourth worker hired is


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: If Reagan's substitution effects outweigh her income

Q22: The opportunity cost of working is the<br>A)Wage

Q24: The number of hours that a worker

Q25: Kip will work fewer hours if his

Q27: If the demand for alarm clocks decreases,the

Q30: If consumers decide to buy fewer strawberries,then

Q31: Marginal physical product diminishes as additional workers

Q86: If the wage rate drops,an employer will

Q100: If Amber is willing to work additional

Q129: The opportunity cost of working is the