Business, 02.03.2021 03:20 Austin4094

The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. Therefore, we can conclude that Multiple Choice marginal product of the third worker is 9. the third worker has to work with poorer-quality tools and raw materials. the firm will not want to hire more than three workers. the first worker puts forth more effort than the second and third workers.

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The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product, re...