Multiple Choice
Use the following graph,which depicts Mighty Max's labor demand for his duffel bag business,to answer the following questions.The labor demand curve shown is calculated based on a duffel bag price of $10.
-Assume that the price of duffel bags is $10.If the marginal product of labor of the sixtieth worker drops by half,what is the value of the marginal product of labor of the sixtieth worker now?
A) $10
B) $15
C) $20
D) $25
E) $30
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Derived demand is<br>A) consumer demand for goods
Q39: Which of the following are the three
Q40: Use the following table to answer the
Q41: Use the following table to answer the
Q42: When the opportunity cost of leisure is
Q44: The total production schedule for greeting card
Q45: Companies begin to find that customers,when calling
Q46: Two events are occurring simultaneously in the
Q47: Graph the impact of the following events
Q48: Use the following table,which shows the supply