Multiple Choice
When Jim adds $1,000 worth of farm equipment to his production process, he finds tha this corn output increases from 200 to 350 bushels. If the price of corn is $2 per bushel, the marginal revenue product of capital is
A) $10
B) $150
C) $300
D) $350
E) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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