Question

In: Economics

13 Refer to the following table: Number of workers Output Marginal Product of Labor Value of...

13 Refer to the following table:

Number of workers

Output

Marginal Product of Labor

Value of Marginal Product of Labor

Wage

Marginal Profit

0

0

--

--

$300

--

1

300

300

$600

$300

$300

2

500

200

AA

$300

$100

3

600

100

$200

$300

BB

4

650

CC

DD

$300

- $200

13.1.  

Problem Set #7 - Part II - 13.1 (A)

What is the value for the cell labeled AA?
A.  $300
B.  $600
C.  $400
D.  $500
E.  $200
13.2.  

Problem Set #7 - Part II - 13.2 (B)

What is the value for the cell labeled BB?
A.  $300
B.  $-100
C.  $0
D.  $100
E.  $200
13.3.  

Problem Set #7 - Part II - 13.3 (C)

What is the value for the cell labeled CC?

A.  650
B.  0
C.  600
D.  50
E.  100
13.4.  

Problem Set #7 - Part II - 13.4 (D)

What is the value for the cell labeled DD?
A.  $0
B.  $100
C.  $50
D.  -$100
E.  $300

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