A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the fifth worker?
Definitions:
Smartphones
Mobile devices combining a phone with advanced features such as internet connectivity, apps, and a touchscreen interface.
Tablets
Portable computing devices featuring a touchscreen and offering a blend of smartphone and laptop functions.
Mobile Technology
Describes portable devices and wireless communications technologies that allow for internet access, data exchange, and mobile applications.
Ethical Business Communications
The practice of sharing information in a business context that adheres to moral principles and professional standards.
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