The Following Table Shows the Marginal Productivity of Different Units

question 90

Multiple Choice

The following table shows the marginal productivity of different units of labor for producing a product. Table 28.4
In the table,
MR: Marginal Revenue
MPP: Marginal Physical Product
According to Table 28.4, how many laborers should be hired if the wage rate is $18? (Marginal revenue product = MPP ´ MR)

• A)2
• B)3
• C)4
• D)5

---

Definitions:

Spherical

Relating to a shape or object that is perfectly round and symmetrical in all directions, similar to a ball.

Circular

Pertaining to or shaped like a circle.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere, and representing its widest part.

Pictorial Sketches

Drawings that represent three-dimensional objects on a two-dimensional surface, providing a realistic view and helping in visualizing the object.