Michelin Corporation, a French firm located in Nova Scotla produces automobile tires and has the following output data. Assume that Michelin Corporation is in the short-run and thus all factors of production, except labour are fixed. Based on these data and assumption, answer the following question. Number of Units of Workers Output 30 70 3 122 4 165 5 190 210 The marginal product of the fifth worker is
Michelin Corporation, a French firm located in Nova Scotla produces automobile tires and has the following output data. Assume that Michelin Corporation is in the short-run and thus all factors of production, except labour are fixed. Based on these data and assumption, answer the following question. Number of Units of Workers Output 30 70 3 122 4 165 5 190 210 The marginal product of the fifth worker is
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 5P
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Question
Q12
![Michelin Corporation, a French firm located in Nova Scotla produces automobile tires and has the following output data. Assume that Michelin Corporation is in the short-run and thus all
factors of production, except labour are fixed. Based on these data and assumption, answer the following question.
Number of
Units of
Workers
Output
1
30
70
3
122
4
165
190
6
210
The marginal product of the fifth worker is
Multiple Cholce](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc98ba310-7904-45da-9ce7-acfcc5879e9c%2F40efe887-2ee7-4b42-8d37-ee0ba9952724%2Fy5o45y7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Michelin Corporation, a French firm located in Nova Scotla produces automobile tires and has the following output data. Assume that Michelin Corporation is in the short-run and thus all
factors of production, except labour are fixed. Based on these data and assumption, answer the following question.
Number of
Units of
Workers
Output
1
30
70
3
122
4
165
190
6
210
The marginal product of the fifth worker is
Multiple Cholce
![Multiple Choice
66 units of output.
43 units of output.
25 units of output.
20 units of output.
38 units of output.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc98ba310-7904-45da-9ce7-acfcc5879e9c%2F40efe887-2ee7-4b42-8d37-ee0ba9952724%2Fchhopij_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Multiple Choice
66 units of output.
43 units of output.
25 units of output.
20 units of output.
38 units of output.
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