-Refer to the above table. What does the marginal revenue product equal when 27 workers are hired a week?

Question

Quizplus · Accepted Answer

The marginal revenue product (MRP) is calculated by multiplying the marginal product (MP) of labor by the price of the output. Without the specific table data, we can't calculate the exact MRP for 27 workers. However, if option A) $1040 is correct, it suggests that at 27 workers, the additional revenue generated by hiring one more worker is $1040, assuming this option was determined based on the correct calculation from the provided table data.

-Refer to the Above Table