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A Firm Produces 4,000 Units of Output Using 500 Workers

Question 78

Multiple Choice

A firm produces 4,000 units of output using 500 workers.Marginal cost is $10,the wage rate is $160,and total fixed cost is $100,000.What is the marginal product of labor?


A) $8 per worker
B) 8 units of output per worker
C) $16 per worker
D) 16 units of output per worker
E) none of the above

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