Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-2
-Refer to Table 13-2.Suppose this firm is a perfect competitor and faces a given price of the product equal to $15 per unit.The marginal revenue product of the 5th unit of the factor is
A)$30.
B)$100.
C)$75.
D)$300.
E)$2220.

Question

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-2
-Refer to Table 13-2.Suppose this firm is a perfect competitor and faces a given price of the product equal to $15 per unit.The marginal revenue product of the 5th unit of the factor is
A)$30. 
B)$100. 
C)$75. 
D)$300. 
E)$2220.

Quizplus · Accepted Answer

The Answer of Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-2
-Refer to Table 13-2.Suppose this firm is a perfect competitor and faces a given price of the product equal to $15 per unit.The marginal revenue product of the 5th unit of the factor is
A)$30. 
B)$100. 
C)$75. 
D)$300. 
E)$2220.

Consider the Following Table for a Firm