Table 17-2
Table 17-2 lists data for the production of Apple iPods.Apple is assumed to be a price maker,so to increase its sales of iPods the firm must lower its price.MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor,respectively.
-Refer to Table 17-2.What are the price and quantity of workers that result in the maximum amount of revenue Apple would earn from selling iPods?

Question

Table 17-2
  Table 17-2 lists data for the production of Apple iPods.Apple is assumed to be a price maker,so to increase its sales of iPods the firm must lower its price.MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor,respectively.
-Refer to Table 17-2.What are the price and quantity of workers that result in the maximum amount of revenue Apple would earn from selling iPods?

Quizplus · Accepted Answer

The Answer of Table 17-2
  Table 17-2 lists data for the production of Apple iPods.Apple is assumed to be a price maker,so to increase its sales of iPods the firm must lower its price.MPL and MRPL refer to the marginal product of labor and the marginal revenue product of labor,respectively.
-Refer to Table 17-2.What are the price and quantity of workers that result in the maximum amount of revenue Apple would earn from selling iPods?

Table 17-2 Table 17-2 Lists Data for the Production of Production