Multiple Choice
When a firm employs 1 unit of factor X it produces 28 units of output and when it employs 2 units of factor X it produces 57 units of output. It follows that marginal revenue product of the second unit of factor X is
A) $22.00.
B) $29.00.
C) $0.53.
D) $114.
E) There is not enough information to answer the question.
Correct Answer:
Verified
Correct Answer:
Verified
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Q77: Exhibit 26-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 26-5
Q78: The demand for factors (which arises from
Q80: Exhibit 26-6<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 26-6
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Q82: Exhibit 26-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 26-8
Q83: Exhibit 26-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 26-5
Q84: Marginal revenue product is equal to marginal