Multiple Choice
If one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, the
A) marginal revenue product of each worker is $25.
B) marginal revenue product of the first worker is $20.
C) marginal revenue product of the second worker is $20.
D) data given do not permit the determination of the marginal revenue product of either worker.
Correct Answer:

Verified
Correct Answer:
Verified
Q129: The marginal product of labor and the
Q135: Marginal resource cost is<br>A) the increase in
Q137: The MRP curve for labor<br>A) is downsloping
Q139: A firm is observed using 15 units
Q141: Other things equal, we would expect the
Q142: The marginal revenue product of an economic
Q143: (Last Word) The rapid spread of ATMs<br>A)
Q144: The price of capital is $12
Q173: If the demand for a product produced
Q195: The less the elasticity of product demand,