Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively. What is the marginal product of the fifth worker?
A)5 units
B)3 units
C)4 units
D)2 units

Question

Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively.  What is the marginal product of the fifth worker?
A)5 units 
B)3 units 
C)4 units 
D)2 units

Quizplus · Accepted Answer

The Answer of Assume Manfred's Shoe Shine Parlor hires labor, its only variable input, under purely competitive conditions. Shoe shines are also sold competitively.  What is the marginal product of the fifth worker?
A)5 units 
B)3 units 
C)4 units 
D)2 units

Assume Manfred's Shoe Shine Parlor Hires Labor, Its Only Variable