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Table 12-2 -Refer to Table 12-2. This Table Describes the Number of Describes

Question 140

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Table 12-2
Table 12-2    -Refer to Table 12-2. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market. If the firm is maximizing the marginal product of labor, what is the firm's marginal revenue product? A)  140 baseballs. B)  $300. C)  $400. D)  $700.
-Refer to Table 12-2. This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor. Each baseball sells for $5 in a competitive market. If the firm is maximizing the marginal product of labor, what is the firm's marginal revenue product?


A) 140 baseballs.
B) $300.
C) $400.
D) $700.

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