Multiple Choice
Suppose a certain firm is able to produce 160 units of output per day when 15 workers are hired.The firm is able to produce 178 units of output per day when 16 workers are hired (holding other inputs fixed) .What is the marginal product of the 16th worker
A) 10 units of output
B) 11 units of output
C) 18 units of output
D) 176 units of output
Correct Answer:
Verified
Correct Answer:
Verified
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