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Assume Manfred's Shoe Shine Parlor Hires Labor, Its Only Variable

Question 333

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Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. What is the marginal product of the fifth worker? A) 5 units B) 3 units C) 4 units D) 2 units What is the marginal product of the fifth worker?


A) 5 units
B) 3 units
C) 4 units
D) 2 units

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