Refer to Table 11-2. What is the marginal product of the 4th worker?
A) 230 bushels B) 57.4 bushels C) 50 bushels D) 12.4 bushels
Question 2
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is 18. If the average total cost at this output is 16.55, then its total profit is
A) 1,188. B) 1,092.30. C) 95.70. D) 1.45.