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Use the following table to answer the following questions: ON + Workers Output 0 300 450 550 600 MPL -- 300 150 100 C6 VMPL Wage -- -- $900 $400 D4 $400 $300 $400 D 6 $400 Gain/Loss -- F3 $50 F5 $-250
What is the value that belongs in cell D4?
a) $500
b) $150
c) $300
d) $450
e) $600

Respuesta :

Tundexi

Answer:

d) $450

Explanation:

Workers Output  MPL  VMPL Wage Gain/Loss

0              0         --        --        --          --

1                 300     300  $900  $400     F3

2                450      150   D4      $400    $50

3                550      100   $300  $400    F5

4                600      C6     D6     $400   $-250

What is the value that belongs in cell D4?

VMPL = P  * MPL

VMPL = 3 * 150

VMPL = $450

Price = 3 can be found out from worker 1 where VMPL = MPL * Price thus Price = VMPL / MPL

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