Examlex

Solved

Use the Following Information to Answer the Following Questions

question 60

Multiple Choice

Use the following information to answer the following questions:
Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows:
MPL = 32 - L
The total output a given level of workers can produce is found as:
Q = 32L - Use the following information to answer the following questions: Mickey L.Douglas,owner of MLD Incorporated,knows that the marginal product of labor (MPL) for his workers can be defined as follows: MPL = 32 - L The total output a given level of workers can produce is found as: Q = 32L -   L<sup>2</sup> He also knows that the price of his output is $3.His profits can be found as: Profit = (P * Q) - (W * L)  -What additional amount of output does the thirtieth worker contribute? A)  150 units B)  60 units C)  2 units D)  14 units E)  9 units L2
He also knows that the price of his output is $3.His profits can be found as:
Profit = (P * Q) - (W * L)
-What additional amount of output does the thirtieth worker contribute?


Definitions:

Related Questions