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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    A Farm Can Produce 1,000 Bushels of Wheat Per Year
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A Farm Can Produce 1,000 Bushels of Wheat Per Year

Question 263

Question 263

Multiple Choice

A farm can produce 1,000 bushels of wheat per year with two workers and 1,300 bushels of wheat per year with three workers.The marginal product of the third worker is _____ bushels.


A) 100
B) 300
C) 1,300
D) 2,300

Correct Answer:

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