Question 9

Table 18-10 Consider the following daily production data for Caroline's Cookies, Inc. Caroline's sells cookies for $2.50 each and pays the workers a wage of $325 per day.

Labor (number of workers)	Quantity (cookies per day)	Marginal Product of Labor (cookies per day)	Value of the Marginal Product of Labor	Wage (per day)	Marginal Profit
0	0			$325
1	200			$325
2	380			$325
3	540			$325
4	680			$325
5	800			$325
6	900			$325

Refer to Table 18-10. What is the marginal profit of the fourth worker?

Question 9 options:

	$25
	$117
	$350
	$1,700