question 89

question 89

Multiple Choice

• A) $4 per hour.
• B) $6 per hour.
• C) $24 per hour.
• D) $40 per hour.

Number of worker (per hour)	total output(per hour)	marginal physical product (output per worker)	total revenue(dollars per hour)	marginal revenue product (dollars per worker)
1	4	......	______	........
2	10	______	______	______
3	15	______	______	______
4	19	______	______	______
5	22	______	______	______

Table 30.3
Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.3, the marginal revenue product of the second worker hired is

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question 89

Multiple Choice

• A) $4 per hour.
• B) $6 per hour.
• C) $24 per hour.
• D) $40 per hour.