Multiple Choice
A firm that can sell its output for $40 per unit. When it increases its labor force from 4 workers to 5 workers its output increases from 15 to 17 units. The value of marginal product of the 5th worker is
A) $680.
B) $340.
C) $80.
D) $40.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q112: Due to a recession, Hostess Bakeries found
Q113: If the wage rate paid in the
Q114: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q115: If the value of marginal product of
Q116: The labor supply curve has a positive
Q118: The labor supply curve has a<br>A) positive
Q119: Which of the following increases the demand
Q120: The value of marginal product of labor
Q121: Which of the following methods is used
Q122: What is the relationship between a firm's