Workers per day Total Product Product Price MRP 0 0 $100 1 20 $95 2 30 $90 [A] 3 38 $85 [B] 4 42 $80 [C] 5 44 $75 [D] Use the table above. The marginal revenue product of the 4th worker (i.e. find [C]) is: $680 O $130 $3,360 $240 $20
Workers per day Total Product Product Price MRP 0 0 $100 1 20 $95 2 30 $90 [A] 3 38 $85 [B] 4 42 $80 [C] 5 44 $75 [D] Use the table above. The marginal revenue product of the 4th worker (i.e. find [C]) is: $680 O $130 $3,360 $240 $20
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Workers per day
Total Product Product Price
MRP
0
0
$100
1
20
$95
2
30
$90
[A]
3
38
$85
[B]
4
42
$80
[C]
5
44
$75
[D]
Use the table above. The marginal revenue product of the 4th worker (i.e. find [C]) is:
$680
O $130
$3,360
$240
$20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb35bef9-d042-420b-b02d-7930f8f9fb4f%2Fbbda792a-6e50-4a73-9437-1b8c3147d79e%2Fiai216_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Workers per day
Total Product Product Price
MRP
0
0
$100
1
20
$95
2
30
$90
[A]
3
38
$85
[B]
4
42
$80
[C]
5
44
$75
[D]
Use the table above. The marginal revenue product of the 4th worker (i.e. find [C]) is:
$680
O $130
$3,360
$240
$20
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