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QUESTION 21 If the firm's marginal cost is $10 and in the short run capital is fixed, with wages for workers at $40 per...

QUESTION 21 If the firm's marginal cost is $10 and in the short run capital is fixed, with wages for workers at $40 per hour, what must the worker's marginal product per hour be? $10 $40 4 400

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Answer #1

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Marginal cost =wage /marginal product

marginal product =wage/marginal cost

marginal product =40/10=4 units

the marginal product is 4 units

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