-Refer to the above table. Suppose the marginal revenue product of the 5th worker is $800. This implies that

Name: -Refer to the above table. Suppose the marginal revenue product of the 5th worker is $800. This implies that
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The marginal revenue product (MRP) is calculated as the marginal product of labor (MPL) multiplied by the price of the good. If the MRP of the 5th worker is $800, and assuming the MPL is 100 (since $800 / $8 = 100), the price of the good must be $8.

-Refer to the Above Table