Solved

Suppose a Certain Firm Is Able to Produce 110 Units

Question 233

Multiple Choice

Suppose a certain firm is able to produce 110 units of output per day when 12 workers are hired. The firm is able to produce 120 units of output per day when 13 workers are hired, holding other inputs fixed. The marginal product of the 13th worker is


A) 4 units of output.
B) 5 units of output.
C) 10 units of output.
D) 120 units of output.

Correct Answer:

verifed

Verified

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

Related Questions