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    Microeconomics Study Set 2
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    Exam 17: The Markets for Labor and Other Factors of Production
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    Table 17-2 For the Production Data Represented in This Table, Assume That
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Table 17-2 For the Production Data Represented in This Table, Assume That

Question 56

Question 56

Multiple Choice

Table 17-2
Table 17-2     For the production data represented in this table, assume that labor is the only variable input. -Refer to Table 17-2.The marginal revenue product of labor from the third unit of labor is A) $5,460. B) $1,560. C) $1,260. D) $780.
For the production data represented in this table, assume that labor is the only variable input.
-Refer to Table 17-2.The marginal revenue product of labor from the third unit of labor is


A) $5,460.
B) $1,560.
C) $1,260.
D) $780.

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