Table 18-9
The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis. 
-Refer to Table 18-9. Suppose this firm charges a price of $5 per unit of output and pays workers a wage equal to $160 per day. What is the value of the marginal product of labor for the fourth worker?
Definitions:
Percentage Calculation
The process of determining the portion or fraction of a whole that is represented by a specific number, often used in financial and statistical analyses.
Financial Calculation
The process of applying mathematical methods and formulas to analyze or predict financial outcomes.
Daily Interest
Interest calculated on a daily basis, often used for savings or loan products.
Financial Calculation
The process of determining the financial implications of various financial decisions through computations.
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