Suppose that eight workers can manufacture 70 radios per day,and nine workers can manufacture 90 radios per day.If radios can be sold for $10 each,the value of marginal product of the ninth worker is

Question

Quizplus · Accepted Answer

To calculate the value of marginal product of the ninth worker, we need to find the increase in output (in this case, number of radios produced) by adding one more worker.

The increase in output from 8 to 9 workers is 20 radios (90-70). Therefore, the value of marginal product of the ninth worker is the additional revenue generated from selling those 20 radios, which is $200 (20 x $10).

So the best choice is C.

Suppose That Eight Workers Can Manufacture 70 Radios Per Day,and