Author Question: In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ... (Read 17 times)

Jramos095 · **on:** Jun 29, 2018

In the above table, the marginal product of the fourth worker is

A) 1.
B) 3.
C) 4.
D) 6.

Question 2

In the above figure, if the government imposed a minimum wage of 8 per hour in this labor market, the increase in the hourly wage for those who are able to keep their jobs is

A) 2 per hour.
B) 4 per hour.
C) 6 per hour.
D) 8 per hour.