The following table shows total output produced by different units of capital. Table 28.3
The marginal revenue product of a resource is the product of the marginal product of the resource and the marginal revenue.
In Table 28.3, how many units of capital will the firm hire if the price per unit of capital is $60?

Question

The following table shows total output produced by different units of capital. Table 28.3
 The marginal revenue product of a resource is the product of the marginal product of the resource and the marginal revenue.
In Table 28.3, how many units of capital will the firm hire if the price per unit of capital is $60?

Quizplus · Accepted Answer

The Answer of The following table shows total output produced by different units of capital. Table 28.3
 The marginal revenue product of a resource is the product of the marginal product of the resource and the marginal revenue.
In Table 28.3, how many units of capital will the firm hire if the price per unit of capital is $60?

The Following Table Shows Total Output Produced by Different Units