Multiple Choice
Jeff owns a garage and has 3 mechanics to help him.With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix.If Jeff hires a fourth mechanic, what will be the marginal product of the new mechanic hired?
A) 11
B) 13
C) 2
D) 7
Correct Answer:
Verified
Correct Answer:
Verified
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