The marginal product of the 14ᵗʰ worker is 8 and the firm sells its output for $4 per unit. If labor is the only variable cost, then the value of the 14ᵗʰ worker's marginal product is
A)$2.
B)$4.
C)$12.
D)$32.

Question

Quizplus · Accepted Answer

The value of the marginal product of the 14th worker is found by multiplying the marginal product of the 14th worker (8)by the output price ($4).

The Marginal Product of the 14ᵗʰ Worker Is 8 and the Firm