Solved

The Wonderful Gadget Company Produces 500 Gadgets Per Week with Fifty

Question 97

Multiple Choice

The Wonderful Gadget Company produces 500 gadgets per week with fifty employees. It hires an additional worker and output rises to 507 gadgets. The marginal product of the last worker hired is _____ gadget(s) .


A) 500
B) 507
C) 7
D) 1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents