Table 124 Table 12

Multiple Choice

Table 12.4 Table 12.4 lists data for the production of Apple iPods.Apple is assumed to be a price maker, so to increase its sales of iPods the firm must lower its price.MP_L and MRP_L refer to the marginal product of labour and the marginal revenue product of labour, respectively.
-Refer to Table 12.4.The quantity of labour and marginal revenue product of labour that will maximise the profit Apple would earn from selling iPods are

A) 2; $160
B) 3; $340
C) 2; $680
D) 3; $140