Table 18-9 The Following Table Shows the Production Function for a Particular

question 164

Multiple Choice

Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.
-Refer to Table 18-9. Suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. What is the value of the marginal product of labor for the third worker?

• A)$90
• B)$250
• C)$300
• D)$800

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