Suppose That Eight Workers Can Manufacture 70 Radios Per Day,and

question 45

Multiple Choice

Suppose that eight workers can manufacture 70 radios per day,and nine workers can manufacture 90 radios per day.If radios can be sold for $10 each,the value of marginal product of the ninth worker is

• A)20 radios.
• B)90 radios.
• C)$200.
• D)$900.

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Definitions:

Auto Production

The process and industries involved in the manufacturing and assembly of motor vehicles.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable by holding other relevant factors constant.

Income Increases

Situations or events that lead to a rise in the amount of money received by individuals or entities, potentially affecting consumption and saving behaviors.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding other relevant factors constant.