Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be
A)1,000.
B)100.
C)20.
D)10.

Question

Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be 
A)1,000. 
B)100. 
C)20. 
D)10.

Quizplus · Accepted Answer

The Answer of Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be 
A)1,000. 
B)100. 
C)20. 
D)10.

Given the Table for a Competitive Firm That Is Maximizing