Sunshine's Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager has determined that if she hires nine workers, the store can sell 230 pounds of produce per day. If she hires 10 workers, the store can sell 290 pounds of produce per day. The store earns $6 for each pound of produce that it sells, and the manager pays each worker $60 per day. Which of the following is correct?
A) For the 10th worker, the marginal product is 50 pounds of produce per day.
B) For the 10th worker, the marginal revenue product (value of the marginal product) is $360 per day.
C) The marginal profit from the 10th worker is $360.
D) The firm will increase its profit if it hires fewer than nine workers.
Correct Answer:
Verified
Q142: Figure 18-1 Q143: Figure 18-1 Q144: If the value of the marginal product![]()
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