(Table: Labor and Quantity of Output) The table shows the production function for a firm using a given amount of capital. If the price of the product is $15 each, which answer table would best represent the firm's value of the marginal revenue product of labor?
$\begin{array}{|c|c|}
\hline \text { Units of Labor } & \begin{array}{c}
\text { Quantity of } \
\text { Output }
\end{array} \
\hline 1 & 20 \
\hline 2 & 28 \
\hline 3 & 35 \
\hline 4 & 41 \
\hline 5 & 44 \
\hline 6 & 35 \
\hline
\end{array}$

Question

Quizplus · Accepted Answer

The marginal revenue product of labor (MRP) is calculated by multiplying the marginal product of labor (change in output) by the price of the product. For example, from 1 to 2 units of labor, the output increases by 8 units (28-20), so MRP = 8 * $15 = $120. This calculation matches the values in table B.

(Table: Labor and Quantity of Output) the Table Shows the Production