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-If the Value of Marginal Product of the 10th Worker

Question 38

Multiple Choice

-If the value of marginal product of the 10th worker is $60, then the A) marginal cost of the 10th worker will be $6. B) wage rate of the 10th worker will be $6. C) firm will not hire the worker if the wage rate is less than $60. D) quantity of labour demanded when the wage rate is $6 will be 10 workers. E) quantity of labour demanded when the wage rate is $60 will be 10 workers.
-If the value of marginal product of the 10th worker is $60, then the


A) marginal cost of the 10th worker will be $6.
B) wage rate of the 10th worker will be $6.
C) firm will not hire the worker if the wage rate is less than $60.
D) quantity of labour demanded when the wage rate is $6 will be 10 workers.
E) quantity of labour demanded when the wage rate is $60 will be 10 workers.

Correct Answer:

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