Answer the question on the basis of the information given in the following table: $\begin{array}{c}
\begin{array}{c}
\
Employment\
\hline
0\
1 \
2 \
3 \
4 \
5 \
6
\end{array}
\begin{array}{c}
Total\
Product\
\hline
0\
12\
22\
30\
36\
40\
42\
\end{array}
\begin{array}{c}
\text { Product }\
\text { Price } \
\hline \$ 3 \
3 \
3 \
3 \
3 \
3 \
3
\end{array}
\end{array}$ Refer to the given data.Which of the following best represents the labor demand schedule for this firm?
A)
$\begin{array}{cc}
\text { WR } & \mathbf{Q}_{d} \
\hline \$ 35 & 1 \
29 & 2 \
23 & 3 \
17 & 4
\end{array}$
B)
$\begin{array}{cc}
\text { WR } & \mathbf{Q}_{d} \
\hline \$ 35 & 2 \
29 & 3 \
23 & 4 \
17 & 5
\end{array}$
C)
$\begin{array}{cc}
\text { WR } & \mathbf{Q}_{d} \
\hline \$ 35 & 3 \
29 & 4 \
23 & 5 \
17 & 6
\end{array}$
D)
$\begin{array}{cc}
{W R}&\mathbf{Q_{d}}\\hline
{\$ 40} & {1} \
35 & 2 \
30 & 3 \
25 & 4
\end{array}$

Question

Quizplus · Accepted Answer

The labor demand schedule is determined by the marginal revenue product (MRP) of labor. The MRP is calculated by multiplying the marginal product of labor by the product price. The MRP values match the wage rates in option A.

Answer the Question on the Basis of the Information Given