If the total product of three workers is 214 units and the total product of four workers is 221 units,then the marginal product of the fourth worker is
A) 71.3 units.
B) 55.25 units.
C) 7 units.
D) 62.14 units.
E) 1.75 units.
Correct Answer:
Verified
Q43: When the 7th worker is hired,output increases
Q44: Diminishing marginal returns refers to a situation
Q45: Use the table below to answer the
Q46: Use the table below to answer the
Q47: Suppose a firm increases the quantity of
Q49: Use the table below to answer the
Q50: The law of diminishing marginal returns states:
A)As
Q51: The law of diminishing marginal returns refers
Q52: When the marginal product of labour is
Q53: Marginal product
A)is always negative.
B)equals the slope of
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