Table: Excellence Publishing Number of Workers Per Year 4 5 6 8 9 Reference Ref 18-3 + $21,200 O $110,000 $45,000 $2,200 Number of Books Edited Per Year 16,000 19,000 21,200 22,800 23,700 24,200 (Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is the marginal product of labor for the sixth worker?
Table: Excellence Publishing Number of Workers Per Year 4 5 6 8 9 Reference Ref 18-3 + $21,200 O $110,000 $45,000 $2,200 Number of Books Edited Per Year 16,000 19,000 21,200 22,800 23,700 24,200 (Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is the marginal product of labor for the sixth worker?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Table: Excellence Publishing
Number of Workers Per Year
14
5
6
7
8
9
Reference Ref 18-3
$21,200
$110,000
$45,000
Number of Books Edited Per Year
(Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is
the marginal product of labor for the sixth worker?
$2,200
16,000
19,000
21,200
22,800
23,700
24,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54e3e70c-5842-4d89-a733-8b1b78c4bd9e%2F61764092-30a8-4ccf-ab97-09fa8eadbbaa%2Fk4dgh1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Table: Excellence Publishing
Number of Workers Per Year
14
5
6
7
8
9
Reference Ref 18-3
$21,200
$110,000
$45,000
Number of Books Edited Per Year
(Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is
the marginal product of labor for the sixth worker?
$2,200
16,000
19,000
21,200
22,800
23,700
24,200
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