Assume That the Product Price Is $4 Per Unit and That

question 88

Multiple Choice

Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.3, the marginal physical product of the third worker hired is

• A) 15 units per hour.
• B) 4 units per hour.
• C) 3 units per hour.
• D) 5 units per hour.

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