Consider the Following Production and Cost Schedule for a Firm

question 9

Multiple Choice

Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-1
-Refer to Table 13-1.In order to determine this firm's profit-maximizing number of units of the variable factor of production,what necessary information is missing from the table?

• A)the price per unit of the factor
• B)the per unit price of the output
• C)the marginal product of the factor
• D)the marginal revenue product of the factor
• E)the total output for the firm

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