-Refer to the above table. If the price of the good produced is $8, the marginal revenue product of the 12th worker is

Question

Quizplus · Accepted Answer

The marginal revenue product of the 12th worker is the change in total revenue divided by the change in the number of workers. In this case, the change in total revenue is $800 - $720 = $80, and the change in the number of workers is 12 - 11 = 1. Therefore, the marginal revenue product of the 12th worker is $80 / 1 = $80.

-Refer to the Above Table