Using the Following Information to Complete Questions 8 - 11

question 43

Multiple Choice

Using the following information to complete questions 8 - 11.
Top-It-Off Inc. produces gold pen and pencil sets for executives' desks. Revenue and labor productivity data are given in the following table. The components cost $15.00. The wage rate is constant at $7.50 per hour.
-Given the above information, what is the Marginal Revenue Product of Labor?

• A) 250, 222.5, 67.5, 30, 2.5, 4
• B) 280, 260, 90, 45, 10, 2.60
• C) 310, 297.5, 112.5, 60, 17.5, -56
• D) 340, 335, 135, 75, 25, -86
• E) 360, 225, 84, 53, 10, -10

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Definitions:

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Statistical Package for the Social Sciences, a widely used software suite for data management and statistical analysis in social science research.

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