What is the marginal physical product of the fifth worker

Reference no: EM13246297

Suppose that a firm's only viable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.

a. What is the marginal physical product of the fifth worker?

b. What is the weekly wage rate earned by the fifth worker?

Reference no: EM13246297

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