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The Table Shows a Total-Product Schedule for a Resource

Question 172

Multiple Choice

  The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is A) $5.40. B) $7.80. C) $9.60. D) $12.20. The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is


A) $5.40.
B) $7.80.
C) $9.60.
D) $12.20.

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