Sam, who owns a carpentry shop, discovered that with 4 laborers he could produce 18 cabinets per day. With 5 laborers he produced 25 cabinets and with 6 laborers he produced 36 cabinets. What was the MPP of the 6th laborer?
A) 11 cabinets
B) 7 cabinets
C) 36 cabinets
D) 9 cabinets
Answer: A
Economics
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The Capital Asset Pricing Model determines the weighted average cost of capital
Indicate whether the statement is true or false
Economics
The price system has
A) prices fixed by the government. B) prices fixed by the seller. C) voluntary exchange. D) prices fixed by the producer.
Economics