Use the Accompanying Graph, Which Depicts Mighty Max's Labor Demand

question 16

Multiple Choice

Use the accompanying graph, which depicts Mighty Max's labor demand for his duffle-bag business, to answer the questions that follow.

-Assume that the price per duffle bag rises from $10 to $20.What is the value of the marginal product of labor of the twentieth worker?

• A) $30
• B) $40
• C) $50
• D) $60
• E) $70

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