Solved

(Table: Capital and Labor XIV) Consider the Production Function That

Question 78

Multiple Choice

(Table: Capital and Labor XIV) Consider the production function that this table shows. (Table: Capital and Labor XIV) Consider the production function that this table shows. Suppose the firm is using 3 units of capital and 2 units of labor and then decides to employ a third worker. The marginal product of the third worker is ____. A) 49.33 B) 40.24 C) 31.78 D) 26.79 Suppose the firm is using 3 units of capital and 2 units of labor and then decides to employ a third worker. The marginal product of the third worker is ____.


A) 49.33
B) 40.24
C) 31.78
D) 26.79

Correct Answer:

verifed

Verified

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

Related Questions

Q73: (Figure: Production Function V) Refer to the

Q74: Suppose that a firm's production function is

Q75: Suppose the slope of a short-run production

Q76: The production function for laser eye surgery

Q77: Suppose the production function for a bakery

Q79: (Figure: Capital and Labor VI) Suppose a

Q80: Suppose the production function for a bakery

Q81: To calculate the firm's expansion path using

Q82: Using a Lagrangian equation for a firm's

Q83: Suppose a firm with a production function