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Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed. Number
Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed.
| Number of Workers | Units of Output |
|---|---|
| 0 | 0 |
| 1 | 40 |
| 2 | 90 |
| 3 | 126 |
| 4 | 150 |
| 5 | 165 |
| 6 | 180 |
The marginal product of the fourth worker is
Multiple Choice
- 37.5 units of output.
- 36 units of output.
- 24 units of output.
- 15 units of output.
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Economics For Environmental Studies A Strategic Guide To Micro-And Macroeconomics
Authors: Alfred Endres, Volker Radke
2012th Edition
364231192X, 978-3642311925
