Number of Workers 0 1 2 3 4 5 6 Marginal Output Product of Labor 0 76 92 181 205 225 24 Value of Marginal Product of Labor $1000 Refer to the table above. What is the marginal product of the 4th worker?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.1: Factor Market
Problem 2ST
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Number of
Workers
0
1
2
3
4
5
Marginal
Output Product of
Labor
6
O
76
92
181
205
24
Value of
Marginal
Product of
Labor
$1000
225
Refer to the table above. What is the marginal product of the 4th worker?
Transcribed Image Text:Number of Workers 0 1 2 3 4 5 Marginal Output Product of Labor 6 O 76 92 181 205 24 Value of Marginal Product of Labor $1000 225 Refer to the table above. What is the marginal product of the 4th worker?
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