Solved

Suppose a Firm Currently Produces 225 Units of Output Per

Question 140

Multiple Choice

Suppose a firm currently produces 225 units of output per day with 15 workers.The firm is able to produce 235 units of output with a 16th worker.What is the marginal product of the 16th worker?


A) 10 units of output
B) 15 units of output
C) 16 units of output
D) 25 units of output

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q136: Let L represent the number of workers

Q137: Let L represent the number of workers

Q138: Grace is a self-employed artist.She can make

Q141: Table 13-2
Table 13-2 </p></div><svg width=

Q143: Table 13-1
Table 13-1 </p></div><svg width=

Q144: Table 13-2
Table 13-2 </p></div><svg width=

Q156: Figure 13-1 Figure 13-1 </p></div><svg width=

Q392: The marginal product of labor can be

Q407: When adding another unit of labor leads

Q413: Table 13-3 Table 13-3 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents