Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below.
-Refer to Table 18-8. What is the marginal product of the fourth worker?
A)250 students
B)62.5 students
C)50 students
D)30 students

Question

Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below. 
-Refer to Table 18-8. What is the marginal product of the fourth worker?
A)250 students 
B)62.5 students 
C)50 students 
D)30 students

Quizplus · Accepted Answer

The Answer of Table 18-8
Harold and Maude own a dance studio where they and their employees teach ballroom dancing. Their company is a competitive, profit-maximizing firm. Harold and Maude's production function is detailed in the table below. 
-Refer to Table 18-8. What is the marginal product of the fourth worker?
A)250 students 
B)62.5 students 
C)50 students 
D)30 students

Table 18-8 Harold and Maude Own a Dance Studio Where They and They