Multiple Choice
A farm can produce 1,000 bushels of wheat per year with 2 workers and 1,300 bushels of wheat per year with 3 workers.The marginal product of the third worker is:
A) 100 bushels.
B) 300 bushels.
C) 1,300 bushels.
D) 2,300 bushels.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q169: Use the following for questions 53-56.<br> <img
Q170: If a firm produces 10 units of
Q171: Average variable cost is the ratio of:<br>A)
Q172: Heavenly Delights, an ice cream maker, has
Q175: Total cost is equal to the quantity
Q176: In the second of the three ranges
Q177: Use the following to answer question(s): A
Q178: Use the following to answer question(s): <img
Q179: At 50 units of output, a firm's
Q205: In the long run:<br>A)all inputs are fixed.<br>B)inputs