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Jim Smith Runs a Company That Sells Encyclopedia Sets for $200

Question 137

Multiple Choice

Jim Smith runs a company that sells encyclopedia sets for $200 each. When he employs 5 workers, they can sell 20 sets per week, whereas only 17 sets are sold when 4 workers are employed. What is the weekly marginal revenue product of the fifth worker?


A) $3
B) $200
C) $600
D) $4,000

Correct Answer:

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