The American Pencil company produces pencils in a purely competitive market. The price of pencils is 10 cents. Hourly output varies with the amount of labor hired as follows:
Fill in the columns for marginal product of labor and marginal revenue product.

Question

The American Pencil company produces pencils in a purely competitive market. The price of pencils is 10 cents. Hourly output varies with the amount of labor hired as follows:
  Fill in the columns for marginal product of labor and marginal revenue product.

Quizplus · Accepted Answer

The Answer of The American Pencil company produces pencils in a purely competitive market. The price of pencils is 10 cents. Hourly output varies with the amount of labor hired as follows:
  Fill in the columns for marginal product of labor and marginal revenue product.

The American Pencil Company Produces Pencils in a Purely Competitive