Based on the production and revenue data in the above table, what is the marginal product of the 4th worker?

A) 28
B) 6
C) 4
D) 2

C

Economics

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An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed

a. True b. False Indicate whether the statement is true or false

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The law of decreasing returns states that as a firm uses more of a _____

A) fixed input, with a given quantity of variable inputs, the marginal product of the fixed input eventually decreases. B) variable input, total output will increase indefinitely. C) variable input, with a given quantity of fixed inputs, the marginal product of the variable input eventually decreases. D) variable input, output will begin to fall immediately. E) fixed input and a variable input, the marginal product of the fixed input and the marginal product of the variable input both decrease.

Economics