Suppose ten pretzels are sold at a price of $8 each and the marginal product of the last unit of labor required to produce pretzels is 5 units.The marginal revenue product of the tenth pretzel would be _____
A) $80.
B) $30.
C) $50.
D) $8.
E) $150.
Correct Answer:
Verified
Q107: A resource's marginal product is
A)the revenue produced
Q113: Exhibit 11.9 Q115: Table 11.1 Q116: Table 11.1 Q117: If the supply of a resource is Q119: If a firm is experiencing diminishing marginal Q120: Which of the following resources earns the Q121: If the marginal product of the second Q122: Table 11.1 Q123: Table 11.2 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents