Table: Excellence Publishing Number of Workers Per Year 4 5 6 8 9 Reference Ref 18-3 + $21,200 O $110,000 $45,000 $2,200 Number of Books Edited Per Year 16,000 19,000 21,200 22,800 23,700 24,200 (Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is the marginal product of labor for the sixth worker?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Table: Excellence Publishing
Number of Workers Per Year
14
5
6
7
8
9
Reference Ref 18-3
$21,200
$110,000
$45,000
Number of Books Edited Per Year
(Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is
the marginal product of labor for the sixth worker?
$2,200
16,000
19,000
21,200
22,800
23,700
24,200
Transcribed Image Text:Table: Excellence Publishing Number of Workers Per Year 14 5 6 7 8 9 Reference Ref 18-3 $21,200 $110,000 $45,000 Number of Books Edited Per Year (Table: Excellence Publishing) Refer to the table. Each edited book sells for $50. What is the marginal product of labor for the sixth worker? $2,200 16,000 19,000 21,200 22,800 23,700 24,200
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