Multiple Choice
Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis. 
-Refer to Table 18-9. Suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. What is the value of the marginal product of labor for the second worker?
A) $300
B) $650
C) $9,600
D) $20,800
Correct Answer:
Verified
Correct Answer:
Verified
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