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The Table Below Shows a Competitive Firm's Short-Run Production Function

Question 34

Multiple Choice

The table below shows a competitive firm's short-run production function.Labor is the firm's only variable input,and market price for the firm's product is $2 per unit. The table below shows a competitive firm's short-run production function.Labor is the firm's only variable input,and market price for the firm's product is $2 per unit. How much does the fifth unit of labor add to the firm's total revenue? A) $160 B) $80 C) $60 D) $40 E) $10 How much does the fifth unit of labor add to the firm's total revenue?


A) $160
B) $80
C) $60
D) $40
E) $10

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