Refer to the Information Provided in Figure 7

question 218

Multiple Choice

Refer to the information provided in Figure 7.6 below to answer the question(s) that follow. Figure 7.6
-Refer to Figure 7.6. The shoe manufacturer currently produces 50 units of output. If this shoe manufacturer increases labor from 15 to 20, the marginal product of the 20th worker

• A) is zero, as the total number of shoes produced remains at 50.
• B) is 8.5, as capital can be reduced by 8.5 units when the 20th worker is hired.
• C) cannot be determined because output remains constant.
• D) cannot be determined because both capital and labor have been increased.

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