The table below gives the number of workers and their possible daily output for a company. The wage is $150 per day. What is the marginal product of the 30th worker and the marginal cost of that worker's output? Workers 10 20 30 Total Product 2500 5300 8400 Oa. Marginal Product is 8400 and Marginal Cost is $56.00 O b. Marginal Product 103.3 is and Marginal Cost is $1550 Oc. Marginal Product is 310 and Marginal Cost is $0.483 Od. Marginal Product 5900 is and Marginal Cost is $4500
The table below gives the number of workers and their possible daily output for a company. The wage is $150 per day. What is the marginal product of the 30th worker and the marginal cost of that worker's output? Workers 10 20 30 Total Product 2500 5300 8400 Oa. Marginal Product is 8400 and Marginal Cost is $56.00 O b. Marginal Product 103.3 is and Marginal Cost is $1550 Oc. Marginal Product is 310 and Marginal Cost is $0.483 Od. Marginal Product 5900 is and Marginal Cost is $4500
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.7P
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