(Answered) Given an increase in the market demand for its product a

Management Studies

Given an increase in the market demand for its product, a firm decides to hire an additional worker. The amount of output produced by 25 workers is 80 units. The marginal product of the 26^th worker is 15 units. After the 26^th worker is hired, the total output would increase to _____.

15 units
6 units
1,200 units
95 units

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