Suppose two workers can harvest $46 worth of apples per day and three workers can harvest $60 worth. On the basis of this information, we can say that the
A)marginal product of each of the first two workers is 23.
B)marginal revenue product of each of the first two workers is $23.
C)marginal revenue product of the third worker is $14.
D)third worker should not be hired.

Question

Quizplus · Accepted Answer

The marginal revenue product (MRP) of the third worker is the additional revenue generated by adding the third worker, which is $60 - $46 = $14. This means the third worker adds $14 worth of apples to the total harvest, making option C correct.

Suppose Two Workers Can Harvest $46 Worth of Apples Per