Multiple Choice
Table 18-2
The production details of a small apple farm are shown below.Suppose the market for both apple and apple pickers is competitive, with a current market price for a box of apples being $10.Further, assume apple pickers are the sole marginal cost faced by the farmer in selling his product.
-Refer to table 18-2.What is value of the marginal product of labour of the fourth worker?
A) $120
B) $160
C) $80
D) $40
Correct Answer:
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