Refer to the total product curve shown in the graph, and assume a competitive labor market. If the firm can sell widgets for $12, then what is the maximum amount it will pay the fourth worker each day?
A)$24
B)$48
C)$61
D)$732

Question

Refer to the total product curve shown in the graph, and assume a competitive labor market. If the firm can sell widgets for $12, then what is the maximum amount it will pay the fourth worker each day?
A)$24 
B)$48 
C)$61 
D)$732

Quizplus · Accepted Answer

The Answer of  Refer to the total product curve shown in the graph, and assume a competitive labor market. If the firm can sell widgets for $12, then what is the maximum amount it will pay the fourth worker each day?
A)$24 
B)$48 
C)$61 
D)$732

Refer to the Total Product Curve Shown in the Graph