Refer to the following:
Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input, labor. Columns 2 and 3 represent the demand function facing the monopolist over this range of output:
-How much does the fifth unit of labor add to the firm's total revenue?
A) $1.875
B) $80
C) $150
D) $4,560
E) none of the above
Correct Answer:
Verified
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