52) 53) 54) 55) 56)

Refer to the data provided in Table 10.1 below to answer the following question (s). Table 10.1 Total Labor Units Total Product Marginal Product of Price per (employees) (T-shirts per day) Labor (per day) T-shirt 0 20 20 50 30 75 25 95 20 110 15 52) Refer to Table 10.1. The marginal revenue product of the fourth worker is A) $5. B) $20. C) $100. D) $475. 53) Refer to Table 10.1. The marginal revenue product of the worker is $150. A) second B) third C) fourth D) fifth 54) Refer to Table 10.1. If the payment to labor per day is $100, this T-shirt manufacturer is maximizing profits if he will hire _( employee(s). A) one B) two C) four D) five 55) Refer to Table 10.1. The maximum payment to labor per day that this profit-maximizing T- shirt manufacturer would be willing to pay to hire three workers per day is A) $15. B) $75. C) $125. D) $200. 56) Refer to Table 10.1. The marginal revenue product of the third worker is A) $5. B) $25. C) $125. D) $375