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-The Preceding Table Gives Monthly Production Information for Peter's Peanuts

Question 298

Multiple Choice

-The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is $2.00 per pound. What is the value of marginal product from employing the third worker? A) $800 B) $1,200 C) $2,000 D) $4,800
-The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is $2.00 per pound. What is the value of marginal product from employing the third worker?


A) $800
B) $1,200
C) $2,000
D) $4,800

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