[Answered] In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ...

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Author Question: In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ... (Read 31 times)

Jramos095

Hero Member
Posts: 528

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.

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Marked as best answer by a Subject Expert

Galvarado142

Sr. Member
Posts: 348

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

A

Jramos095

Member
Posts: 528

Reply 2 on: Jun 29, 2018

Excellent

triiciiaa

Member
Posts: 349

Reply 3 on: Yesterday

TYSM

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Author Question: In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ... (Read 31 times)

Jramos095

In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ...

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Need homework help now?

Galvarado142

In the above table, the marginal product of the fourth worker is A) 1. B) 3. C) 4. D) ...

Jramos095

triiciiaa