Answered: What is the value of the marginal…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Suppose the Tasty Taco Company produces tacos. The number of tacos it can produce each hour depends on the number of workers it hires, as shown in the accompanying table. In addition, each taco can be sold for 50 cents more than the cost of the ingredients needed to produce it.

Number of workers per hour	Number of tacosper hour
0	0
1	25
2	45
3	60
4	70
5	75

What is the value of the marginal product of the fourth worker hired each hour?

Select one:

a. $5

b. $35

c. $10

d. $70

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