If the Marginal Product of the Second Worker Hired by a Firm

question 93

Multiple Choice

If the marginal product of the second worker hired by a firm is 14 units and the price of a unit of output is $7 regardless of the quantity of output sold, then the marginal revenue product of the second worker is

• A)$98
• B)$14
• C)$7
• D)$2
• E)$21

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Definitions:

Computer Parts

The physical components of a computer, such as the CPU, RAM, hard drive, motherboard, and peripherals.

Spreads Out

The action of extending or distributing something over a wider area or among a greater number of people.

International Business Activity

This term describes the trade, investments, and operations a company conducts across national borders.