If a chair can be sold for $20 and it takes a worker two hours to make a chair,the marginal revenue product of this worker is

Name: If a chair can be sold for $20 and it takes a worker two hours to make a chair,the marginal revenue product of this worker is
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

The marginal revenue product is calculated by multiplying the price of the product ($20) by the number of products made per hour (0.5 chairs per hour), resulting in $10 per hour.

If a Chair Can Be Sold for $20 and It