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Consider the following table showing labor (number of workers hired) and marginal product of labor (MP L ). Labor (L) (Number of Workers) Marginal Product
Consider the following table showing labor (number of workers hired) and marginal product of labor (MPL).
Labor (L) (Number of Workers) | Marginal Product of Labor (MPL) |
---|---|
0 | -- |
1 | 45 |
2 | 37 |
3 | 27 |
4 | 13 |
What is the TOTAL output (quantity of units produced) when four workers are hired?
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