If bicycles can be sold for $100 each,and the marginal product of hiring a third worker is 2 bicycles,then the marginal revenue product from hiring that worker is
A) 2 bicycles
B) $200
C) $100
D) $1,000
E) $300
Correct Answer:
Verified
Q64: The additional output produced when one additional
Q65: The marginal product of labor
A)measures the contribution
Q66: Q67: If eight workers can manufacture 70 tables Q68: Q70: Figure 12-5 shows the number of baseballs Q71: Both marginal revenue and marginal revenue product Q72: An increasing marginal product of labor would 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![]()
![]()