Assignment Help - homework help

Given an increase in the market demand for its product a


Given an increase in the market demand for its product, a firm decides to hire an additional worker. The amount of output produced by 25 workers is 80 units. The marginal product of the 26th worker is 15 units. After the 26th worker is hired, the total output would increase to _____.

  • 15 units

  • 6 units

  • 1,200 units

  • 95 units

Solution Preview :

Prepared by a verified Expert
Business Management: Given an increase in the market demand for its product a
Reference No:- TGS02182659

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)