1.If the wage in a perfectly competitive labor market is $20 and the firm can sell all the output it wants at $4 per unit, then the marginal product of the last worker employed must be (1 point)

5 units

16 units

24 units

80 units

indeterminate

2.Use the table to answer the question that follows.

MSC S=MPC Price ($) D=MPB=MSB QuantityMSC Price ($) MPC pc - PE PP MSB Q' QuantityPrice ($) 5 S 4 3.5 + 3 2 D - 360 540 Quantity100 80 60 Percentage of Income 40 2020 2015 - 1- - 2010 - 0 20 40 60 80 100 Percentage of HouseholdsQuantity of Labor MP of Labor Quantity of Capital MP of Capital 40 1 50 2 45 2 40 3 35 3 35 4 20 4 20 5 5 5 5