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 Happy Tots Child Care \text { Happy Tots Child Care } Price of a Unit of Output

Question 47

Multiple Choice

 Happy Tots Child Care \text { Happy Tots Child Care }
 Units of Labor per    Output per Week    Marginal Product Week                                                            per Week               1                         4                4        295313441635182\text { Units of Labor per }~~\text { Output per Week }~~\text { Marginal Product }\\Week~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~per ~Week\\\begin{array}{|c|c|c|}\hline ~~~~~~~~~~~~~~~1~~~~~~~~~~~~~~~~~ & ~~~~~~~~4 ~~~~~~~~~& ~~~~~~~4~~~~~~~~ \\\hline 2 & 9 & 5 \\\hline 3 & 13 & 4 \\\hline 4 & 16 & 3 \\\hline 5 & 18 & 2 \\\hline\end{array}
Price of a unit of output: $150\$ 150 per week.
Cost to Happy Tots of hiring one more unit of labor: $400\$ 400 per week.
Table 16.1 Refer to Table 16.1.What is the marginal revenue of the third unit of labor?


A) $300.
B) $450.
C) $600.
D) $1,200.

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