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Author Question: Value of the Marginal ProductThe table shows the number of workers (L) and the output of steins (Q) ... (Read 439 times)

sreghbsidhgjbndskijgnio

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on: Nov 23, 2022
Value of the Marginal Product

The table shows the number of workers (L) and the output of steins (Q) each week. The stein maker is a price taker in both the product and labor markets.
Number of Workers (L)Output of Steins (Q)
00
144​
266​
386​
498​
5107​
6110​
What is the marginal product of labor from hiring the fifth worker? If the price of steins is $140, what is the value of the marginal product of the fifth worker?
◦ 9, $140
◦ 107, $140
◦ 9, $1260
◦ 107, $1260
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by sreghbsidhgjbndskijgnio on Nov 23, 2022

JulianneMu

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Reply #1 on: Nov 23, 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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sreghbsidhgjbndskijgnio

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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