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Table 16-4 Lists Data for the Production of Apple IPods

Question 23

Multiple Choice

Table 16-4 lists data for the production of Apple iPods. Apple is assumed to be a price maker, so to increase its sales of iPods the firm must lower its price. MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor, respectively. -Refer to Table 16-4. What are the quantity of labor and marginal revenue product of labor that will maximize the profit Apple would earn from selling iPods? A) 2; $160 B) 3; $340 C) 2; $680 D) 3; $140
Table 16-4 lists data for the production of Apple iPods. Apple is assumed to be a price maker, so to increase its sales of iPods the firm must lower its price. MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor, respectively.
-Refer to Table 16-4. What are the quantity of labor and marginal revenue product of labor that will maximize the profit Apple would earn from selling iPods?


A) 2; $160
B) 3; $340
C) 2; $680
D) 3; $140

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