If a worker adds 20 units to a firm's total output,the output is sold for $2 per unit,and the worker is paid $100,then the worker's marginal revenue product is

Name: If a worker adds 20 units to a firm's total output,the output is sold for $2 per unit,and the worker is paid $100,then the worker's marginal revenue product is
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Question

Quizplus · Accepted Answer

The worker's marginal revenue product is calculated by multiplying the additional units produced by the price per unit. In this case, 20 units * $2 per unit = $40.

If a Worker Adds 20 Units to a Firm's Total