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

Question 67

Multiple Choice

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 30.1, the marginal physical product of the third worker hired is A) 15 units per hour. B) 4 units per hour. C) 3 units per hour. D) 5 units per hour. 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 30.1, the marginal physical product of the third worker hired is


A) 15 units per hour.
B) 4 units per hour.
C) 3 units per hour.
D) 5 units per hour.

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