Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.3, the marginal revenue product of the second worker hired is
A) $4 per hour.
B) $6 per hour.
C) $24 per hour.
D) $40 per hour.

Question

Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.3, the marginal revenue product of the second worker hired is
A) $4 per hour. 
B) $6 per hour. 
C) $24 per hour. 
D) $40 per hour.

Quizplus · Accepted Answer

The Answer of  Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.3, the marginal revenue product of the second worker hired is
A) $4 per hour. 
B) $6 per hour. 
C) $24 per hour. 
D) $40 per hour.

Assume That the Product Price Is $4 Per Unit and That