Multiple Choice
Table 3.1
-Referring to Table 3.1, which is of the following answers is INCORRECT? If pots sell for $20 each then
A) the marginal revenue product of labor of the second worker is $260.
B) the marginal product of the third worker is five pots.
C) the marginal revenue from selling the eighteenth pot is $20.
D) the marginal revenue product of labor equals the marginal product of labor multiplied by the additional revenue that is received per unit of output.
Correct Answer:
Verified
Correct Answer:
Verified
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