The Following Table Shows Output Per Hour Produced by the Different

question 89

Multiple Choice

The following table shows output per hour produced by the different units of labor. Table 28.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 28.1, if the wage rate is $6 per hour, how many workers should this firm hire?

• A)3
• B)2
• C)4
• D)5

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Definitions:

Ethnicity

Shared cultural, national, tribal, religious, linguistic, or ancestral characteristics among a group of people.

Progression

The act of moving forward or advancing towards a specific goal or higher stage.

Sit-And-Reach

A common fitness test of flexibility that measures the ability to reach forward while sitting on the floor with legs extended.