Multiple Choice
Using the following information to complete questions 8 - 11.
Top-It-Off Inc. produces gold pen and pencil sets for executives' desks. Revenue and labor productivity data are given in the following table. The components cost $15.00. The wage rate is constant at $7.50 per hour.
-Given the above information, what is the Marginal Revenue Product of Labor?
A) 250, 222.5, 67.5, 30, 2.5, 4
B) 280, 260, 90, 45, 10, 2.60
C) 310, 297.5, 112.5, 60, 17.5, -56
D) 340, 335, 135, 75, 25, -86
E) 360, 225, 84, 53, 10, -10
Correct Answer:

Verified
Correct Answer:
Verified
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