Harold Brown runs a company that sells encyclopedia sets for $250 each. When he employs 10 workers, they can sell 60 sets per week, while only 54 sets are sold when 9 workers are employed. What is the weekly marginal revenue product of the tenth worker?
A) $250
B) $1,250
C) $1,500
D) $15,000

Question

Quizplus · Accepted Answer

The marginal revenue product of the tenth worker is calculated by the additional sets sold (60 - 54 = 6) multiplied by the price per set ($250), which equals $1,500.

Harold Brown Runs a Company That Sells Encyclopedia Sets for $250