The Table Shows a Total-Product Schedule for a Resource

question 172

Multiple Choice

The table shows a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant. If the firm can sell 24 units of output at a price of $1.00 and 42 units of output at a price of $0.80, the marginal revenue product of the second unit of the resource is

• A)$5.40.
• B)$7.80.
• C)$9.60.
• D)$12.20.

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