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 third worker?
A) $90
B) $250
C) $300
D) $800
Correct Answer:

Verified
Correct Answer:
Verified
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