mpetitive firm sells its output for 530 per ut per day; the mar ginal product of the 11th worker is 16 units of output per day. The firn ers a wage of S150 per day. a. For the 11th worker, the value of the marginal product of labor is $120. b. For the 11th worker, the value of the marginal product of labor is $480. c. For the 11th worker, the value of the marginal product of labor is s600. d. For the 11th worker, the value of the marginal product of labor is $2,400.

mpetitive firm sells its output for 530 per ut per day; the mar ginal product of the 11th worker is 16 units of output per day. The firn ers a wage of S150 per day. a. For the 11th worker, the value of the marginal product of labor is $120. b. For the 11th worker, the value of the marginal product of labor is $480. c. For the 11th worker, the value of the marginal product of labor is s600. d. For the 11th worker, the value of the marginal product of labor is $2,400.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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