Table 12-2

-Refer to Table 12-2. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market. For which level of employment is the marginal product of labor greatest?
A) 1 worker
B) 2 workers
C) 3 workers
D) 4 workers

Question

Table 12-2
 
-Refer to Table 12-2. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market. For which level of employment is the marginal product of labor greatest?
A) 1 worker 
B) 2 workers 
C) 3 workers 
D) 4 workers

Quizplus · Accepted Answer

The Answer of Table 12-2
 
-Refer to Table 12-2. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market. For which level of employment is the marginal product of labor greatest?
A) 1 worker 
B) 2 workers 
C) 3 workers 
D) 4 workers

Table 12-2 -Refer to Table 12-2. This Table Describes the Number of Describes