The following table shows output per hour produced by the different units of labor. Table 28.1
The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 28.1, the marginal-revenue product of the:
A) fourth worker is $8.
B) fifth worker is $3.
C) first worker is $3.
D) third worker is $5.
E) second worker is $12.
Correct Answer:
Verified
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