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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 | 45 |
| 2 | 100 |
| 3 | 160 |
| 4 | 230 |
| 5 | 320 |
| 6 | 400 |
The marginal product of the fourth worker is
Multiple Choice
- 57.5 units of output.
- 60 units of output.
- 70 units of output.
- 90 units of output.
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Global Marketing
Authors: Johny K Johansson
4th Edition
0072961805, 9780072961805
