The Table Has the Marginal Products for Workers at Bart's

question 137

Multiple Choice

The table has the marginal products for workers at Bart's Bats, a baseball bat factory.
-Using the above table,if the price of a bat is $8,then the value of marginal product of labor of the fourth worker is

• A) $40.
• B) $0.625.
• C) $1.375.
• D) 5 bats.
• E) None of the above answers is correct.

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Definitions:

Cold War

The period of geopolitical tension between the Soviet Union and the United States and their respective allies, from the end of World War II until the dissolution of the Soviet Union in 1991.

Global Output

The total value of goods and services produced worldwide over a specific time period.

Percent

A part or portion of a whole expressed as a fraction of 100.

Increase

A rise or growth in quantity, size, intensity, or extent of a particular object or phenomenon.