Table 16.2 gives the number of oil changes that can be performed at a local oil change business based on the number of employees hired.If the price of an oil change is $20,and workers get paid $90 per day,which of the following is equal to 3?
A) The marginal revenue of the third employee.
B) The optimal number of employees to hire.
C) The marginal product of the fourth employee.
D) The marginal cost of the first oil change.
Correct Answer:
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