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Author Question: The following data show the total output for a firm when different amounts of labour are combined ... (Read 20 times)

caca31

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on: Oct 12, 2022
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50.

Labour per periodTotal output per period
0  0
1 10
2 30
3 90
4132
5150

TABLE 7-3

Refer to Table 7-3. What is the marginal product of the 4th unit of labour hired by the firm?
◦ 900
◦ 42
◦ 1320
◦ 132
◦ 60
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by caca31 on Oct 12, 2022

ahardin89

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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caca31

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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