Use the following information to answer the following questions:
Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL)for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L - L 2
He also knows that the price of his output is $3.His profits can be found as:
Profit = (P * Q)- (W * L)
-What additional amount of output does the thirtieth worker contribute?
A) 150 units
B) 60 units
C) 2 units
D) 14 units
E) 9 units

Question

Use the following information to answer the following questions:
Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL)for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L -  L 2 
He also knows that the price of his output is $3.His profits can be found as:
Profit = (P * Q)- (W * L)
-What additional amount of output does the thirtieth worker contribute?
A) 150 units 
B) 60 units 
C) 2 units 
D) 14 units 
E) 9 units

Quizplus · Accepted Answer

The Answer is C

Use the Following Information to Answer the Following Questions