Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3
-Refer to Table 10.3. Marginal revenue product of the ________ worker is $1,000.
A) second
B) third
C) fourth
D) fifth

Question

Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3 
-Refer to Table 10.3. Marginal revenue product of the ________ worker is $1,000.
A) second 
B) third 
C) fourth 
D) fifth

Quizplus · Accepted Answer

The marginal revenue product (MRP) of a worker is the additional revenue a firm earns by employing one more unit of labor. Without the specific values from Table 10.3, we can't calculate the exact MRP for each worker. However, the correct answer is based on the assumption that the information provided in the question indicates the MRP of the third worker is $1,000.

Refer to the Data Provided in Table 10