The table has the marginal products for workers at Bart's Bats, a baseball bat factory.
-Using the above table,if the price of a bat is $8,then the value of marginal product of labor of the fourth worker is
A) $40.
B) $0.625.
C) $1.375.
D) 5 bats.
E) None of the above answers is correct.
Correct Answer:
Verified
Q24: Q25: Suppose the Miami Dolphins are considering adding Q26: As the quantity of land used increases,its Q27: Q28: The rule for employing a profit-maximizing amount Q30: Q31: Q32: The value of marginal product of labor Q33: A profit-maximizing firm hires labor up to Q34: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()
A)![]()