Multiple Choice
Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-2
-Refer to Table 13-2.Suppose the firm is a perfect competitor and faces a given price of the product equal to $2 per unit.The marginal revenue product of the 5th unit of the factor is
A) $128.
B) $148.
C) $20.
D) $40.
E) $2.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: The marginal revenue product curve for a
Q55: The demand and supply curves shown below
Q56: Consider the following production and cost schedule
Q57: John Smith plays baseball for $500 000
Q58: Consider a perfectly competitive labour market for
Q60: Consider the following production and cost schedule
Q61: Consider a firm's demand for a factor
Q62: Consider labour that is hired for $18
Q63: Consider the following production and cost schedule
Q64: The demand and supply curves shown below