Question
Suppose a certain firm is able to produce 125 units of output per day when 19 workers are hired. The firm is able to produce
Suppose a certain firm is able to produce 125 units of output per day when 19 workers are hired. The firm is able to produce 137 units of output per day when 20 workers are hired, holding other inputs fixed. The marginal product of the 20th worker is
| a. | 7 units of output. | |
| b. | 6 units of output. | |
| c. | 137 units of output. | |
| d. | 12 units of output. |
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
