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Refer to the Total Product Curve Shown in the Graph

Question 83

Multiple Choice

Refer to the total product curve shown in the graph, and assume a competitive labor market. If the firm can sell widgets for $12, then what is the maximum amount it will pay the fourth worker each day? A) $24 B) $48 C) $61 D) $732 Refer to the total product curve shown in the graph, and assume a competitive labor market. If the firm can sell widgets for $12, then what is the maximum amount it will pay the fourth worker each day?


A) $24
B) $48
C) $61
D) $732

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