Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be $\begin{array}{|c|c|}
\hline \text { Number of Workers }\
\text { Employed Per Day } & \text { Total Firm Output Per } \
&\text { Day }\
\hline 1 & 0 \
\hline 2 & 5 \
\hline 3 & 20 \
\hline 4 & 35 \
\hline 5 & 38\
\hline
\end{array}$
A) $1,000.
B) $100.
C) $20.
D) $10.

Question

Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be $\begin{array}{|c|c|}
\hline \text { Number of Workers }\
\text { Employed Per Day } & \text { Total Firm Output Per } \
&\text { Day }\
\hline 1 & 0 \
\hline 2 & 5 \
\hline 3 & 20 \
\hline 4 & 35 \
\hline 5 & 38\
\hline 
\end{array}$
A) $1,000.
B) $100.
C) $20.
D) $10.

Quizplus · Accepted Answer

The Answer of Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be $\begin{array}{|c|c|}
\hline \text { Number of Workers }\
\text { Employed Per Day } & \text { Total Firm Output Per } \
&\text { Day }\
\hline 1 & 0 \
\hline 2 & 5 \
\hline 3 & 20 \
\hline 4 & 35 \
\hline 5 & 38\
\hline 
\end{array}$
A) $1,000.
B) $100.
C) $20.
D) $10.

Given the Table for a Competitive Firm That Is Maximizing