Multiple Choice
Scenario: A small apple orchard operates in a perfectly competitive output market (the market for apples) and input or factor market (the market for apple pickers) . The market price of apples is $1 per pound, and the market wage for apple pickers is $50 per day. See the following table.
-Refer to the scenario above.What is the value of the marginal product of labor for hiring the tenth worker?
A) $910
B) $91
C) $50
D) $0
Correct Answer:
Verified
Correct Answer:
Verified
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