Table: Excellence PublishingNumber of Workers Per Year1456789Reference Ref 18-3$21,200$110,000$45,000Number of Books Edited Per Year(Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What isthe marginal product of labor for the sixth worker?$2,20016,00019,00021,20022,80023,70024,200

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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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