The following table shows the total output produced in a factory at various levels of employment of ubor The firm sells each unit of output at $2 and each worker is paid a wage of $32 Number of Workers Total Output 8 1 2 3 4 5 6 According to this table, what is the marginal product of the 5th work...

Answer is the option b 9 units shown in bold ...

The following table shows the total output produced in a factory at various levels of employment...

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at $2 and each worker is paid a wage of $32 The tollowing table shows the total output produced in a factory at various levets of employment of labor The firm sels each Number of Workers llrotal Output 18 30 41 50 56 60 61 62 According to this table, what is the marginal product of the 5tn worker? ○Allures OB 9 units 8 units 0D2urts

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: Jun 20, 2022 01:09 AM

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The following table shows the total output produced in a factory at various levels of employment...

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