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 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.

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 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.

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 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