-Refer to the above table. If the price of the product is $1.50, what is the marginal revenue product of the 11th worker?

Name: -Refer to the above table. If the price of the product is $1.50, what is the marginal revenue product of the 11th worker?
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Question

Quizplus · Accepted Answer

The marginal revenue product (MRP) is calculated by multiplying the marginal product of the worker by the price of the product. If the marginal product of the 11th worker is 100 units, then MRP = 100 units * $1.50 = $150.

-Refer to the Above Table