If labor is the only variable input, an additional worker increases output from 72 to 78 units, and the product price is $6, the marginal revenue product from an additional worker:

Question

Quizplus · Accepted Answer

The marginal revenue product (MRP) refers to the additional revenue generated by employing an additional worker. In this case, an additional worker increases output by 6 units (78-72), and the product price is $6.

Therefore, the MRP from an additional worker is:
MRP = 6 units x $6 = $36

Option B is the correct answer.

If Labor Is the Only Variable Input, an Additional Worker