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

question 74

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  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 30.1, 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. 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 30.1, the marginal physical product of the third worker hired is


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