Kiki Owns A Small Factory Producing And Selling Facial Lotions

Each jar of lotion is sold for $50 and the

Question

Kiki owns a small factory producing and selling facial lotions. Each jar of lotion is sold for $50 and the

marginal cost of each worker is constant at $150. The table below is also known. Use the information to answer questions 6-10.

QUANTITY OF LABOR UNITS OF OUTPUT

0 0

1 12

2 22

3 30

4 36

5 40

6 43

7 44

The marginal product of the fifth worker is ?

Microeconomics