Multiple Choice
Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below.
-Refer to Table 18-8. What is the marginal product of the fourth worker?
A) 250 students
B) 62.5 students
C) 50 students
D) 30 students
Correct Answer:

Verified
Correct Answer:
Verified
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