In a perfectly competitive market, if ten cases of spring water are sold at a price of $6 each and the marginal product of the last unit of labor is 5 units, then the marginal revenue product of that last unit of labor is ______.
A)$60
B)$30
C)$50
D)$2
E)60 cents

Question

​In a perfectly competitive market, if ten cases of spring water are sold at a price of $6 each and the marginal product of the last unit of labor is 5 units, then the marginal revenue product of that last unit of labor is ______.
A)$60
B)$30
C)$50
D)$2
E)60 cents

Quizplus · Accepted Answer

The Answer of ​In a perfectly competitive market, if ten cases of spring water are sold at a price of $6 each and the marginal product of the last unit of labor is 5 units, then the marginal revenue product of that last unit of labor is ______.
A)$60
B)$30
C)$50
D)$2
E)60 cents

​In a Perfectly Competitive Market, If Ten Cases of Spring

In a Perfectly Competitive Market, If Ten Cases of Spring