The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is
A)$5.40.
B)$7.80.
C)$9.60.
D)$12.20.

Question

The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is
A)$5.40. 
B)$7.80. 
C)$9.60. 
D)$12.20.

Quizplus · Accepted Answer

The Answer of  The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is
A)$5.40. 
B)$7.80. 
C)$9.60. 
D)$12.20.

The Table Shows a Total-Product Schedule for a Resource