Exhibit 6-3 A marginal product curve

-As shown in Exhibit 6-3,the marginal product of labor for the last worker hired when 5 workers are employed per day is:

Question

Exhibit 6-3 A marginal product curve
 
-As shown in Exhibit 6-3,the marginal product of labor for the last worker hired when 5 workers are employed per day is:

Quizplus · Accepted Answer

The marginal product of labor for the last worker hired when 5 workers are employed per day is read from the marginal product curve at the point where the fifth worker is hired. In this case, the MP for the fifth worker is 150, which is the highest point on the MP curve before it starts to decline. Therefore, Choice C is the correct answer.

Exhibit 6-3 a Marginal Product Curve