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A Firm's Labor Input, Total Output of Labor, and Product

Question 145

Multiple Choice

A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the fifth worker? A) $5 B) $25 C) $−7 D) $1 A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the fifth worker?


A) $5
B) $25
C) $−7
D) $1

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