Figure 18-1 O $66 O $55 O $33 OUTPUT (Units) O $44 28 26 Hill 2 3 4 5 6 23 19 8 Refer to Figure 18-1. Suppose the firm hires each unit of labor for $53 per day, and each unit of output sells for $11. What is the value of the marginal product of the fifth worker? 1 LABOR (Number of workers)

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Chapter7: Production, Costs, And Industry Structure
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Figure 18-1
O
$66
$55
$33
OUTPUT (Units)
O $44
28
26
23
19
4
14
8
Refer to Figure 18-1. Suppose the firm hires each unit of labor for $53 per day, and each unit of output sells for $11. What is the value of the marginal product of the fifth worker?
1
3
LABOR (Number of workers)
2
4 5 6
Transcribed Image Text:Figure 18-1 O $66 $55 $33 OUTPUT (Units) O $44 28 26 23 19 4 14 8 Refer to Figure 18-1. Suppose the firm hires each unit of labor for $53 per day, and each unit of output sells for $11. What is the value of the marginal product of the fifth worker? 1 3 LABOR (Number of workers) 2 4 5 6
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