Multiple Choice
(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords.If the price of a power cord is $2, the value of the marginal product for the third worker is:
A) $2.
B) $10.
C) $60.
D) $80.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Time allocation refers to:<br>A)how many hours an
Q14: Suppose all perfectly competitive construction firms are
Q15: A leftward shift in the labor supply
Q16: If the extra output that is produced
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table: Value of
Q21: Figure: The Demand for Bricklayers<br>(Figure: The Demand
Q48: A leftward shift in the labor supply
Q86: The category "compensation of employees" doesn't capture
Q200: An increase in the market demand for
Q260: An increase in the demand for construction