Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-3
-Refer to Table 13-3.The total revenue obtained if the 7th unit of the factor of production is hired is
A)$160.
B)$180.
C)$192.
D)$202.
E)$210.

Question

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-3
-Refer to Table 13-3.The total revenue obtained if the 7th unit of the factor of production is hired is
A)$160. 
B)$180. 
C)$192. 
D)$202. 
E)$210.

Quizplus · Accepted Answer

The Answer of Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-3
-Refer to Table 13-3.The total revenue obtained if the 7th unit of the factor of production is hired is
A)$160. 
B)$180. 
C)$192. 
D)$202. 
E)$210.

Consider the Following Production and Cost Schedule for a Firm