Table 18-3

-Refer to Table 18-3.What is the marginal profit of the fourth worker?

Name: Table 18-3 -Refer to Table 18-3.What is the marginal profit of the fourth worker?
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Question

Table 18-3
 
-Refer to Table 18-3.What is the marginal profit of the fourth worker?

Quizplus · Accepted Answer

The marginal profit of the fourth worker is calculated by the change in total profit when the fourth worker is hired. If hiring the fourth worker results in a decrease in profit, the marginal profit is negative, hence -$100.

Table 18-3 -Refer to Table 18-3.What Is the Marginal Profit of the Marginal