Multiple Choice
Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-1
-Refer to Table 13-1.The marginal revenue product of the 15th unit of the factor is
A) -$20.
B) $20.
C) $60.
D) $150.
E) $820.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q31: Suppose the last unit of a factor
Q32: Consider a firm's demand for a factor
Q33: Consider labour that is hired for $18
Q34: The theory of equal net advantage is
Q35: Consider the following production and cost schedule
Q37: The earnings of a factor in its
Q38: The three diagrams below each show a
Q39: Consider a firm's demand curve for labour.If
Q40: The diagram below shows the MRP curve
Q41: Which of the following is the best