Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, _____ is the marginal product of the fourth unit of labor.
Table 7.2

A)5 pairs of shoes
B)10 pairs of shoes
C)20 pairs of shoes
D)50 pairs of shoes
E)80 pairs of shoes

Question

Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, _____ is the marginal product of the fourth unit of labor.​ ​
Table 7.2
​

A)5 pairs of shoes​ 
B)10 pairs of shoes​ 
C)20 pairs of shoes​ 
D)50 pairs of shoes​ 
E)80 pairs of shoes​

Quizplus · Accepted Answer

The Answer of Table 7.2 shows labor and the quantity of shoes produced by a firm. Given the information in the table below, _____ is the marginal product of the fourth unit of labor.​ ​
Table 7.2
​

A)5 pairs of shoes​ 
B)10 pairs of shoes​ 
C)20 pairs of shoes​ 
D)50 pairs of shoes​ 
E)80 pairs of shoes​

Table 72 Shows Labor and the Quantity of Shoes Produced by by a Firm