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Given the Table for a Competitive Firm That Is Maximizing

Question 38

Multiple Choice

Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $300 and three workers are employed per day, the price of a unit of output must be Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $300 and three workers are employed per day, the price of a unit of output must be A) 60. B) 15. C) 10. D) 20.


A) 60.
B) 15.
C) 10.
D) 20.

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