question 113

question 113

Multiple Choice

• A) 2.
• B) 3.
• C) 4.
• D) 5.

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, how many workers should be hired?

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question 113

Multiple Choice

• A) 2.
• B) 3.
• C) 4.
• D) 5.