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Use the Following Information to Answer the Following Questions

question 58

Multiple Choice

Use the following information to answer the following questions:
Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L - Use the following information to answer the following questions: Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows: MPL = 32 - L The total output a given level of workers can produce is found as: Q = 32L -   L<sup>2</sup> He also knows that the price of his output is $3.His profits can be found as: Profit = (P * Q) - (W * L)  -What is the value of additional output produced by the twelfth worker? A)  $20 B)  $100 C)  $10 D)  $60 E)  $80 L2
He also knows that the price of his output is $3.His profits can be found as:
Profit = (P * Q) - (W * L)
-What is the value of additional output produced by the twelfth worker?


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