Use the Accompanying Graph, Which Depicts Mighty Max's Labor Demand

question 83

Multiple Choice

Use the accompanying graph, which depicts Mighty Max's labor demand for his duffle-bag business, to answer the questions that follow.

-Assume that the price of duffle bags is $10.If the marginal product of labor of the sixtieth worker drops by half,what is the value of the marginal product of labor of the sixtieth worker now?

• A) $10
• B) $15
• C) $20
• D) $25
• E) $30

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