Wayne's Jacket Shop sells Wayne's jackets for $20 each. Wayne finds that when he hires different numbers of workers, the corresponding total revenues are as shown in the table. What is the marginal revenue product of the third worker?
Definitions:
Ounce
A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.
Futures Contract
A standardized legal agreement to buy or sell an asset at a predetermined price at a specified time in the future.
Futures Contract
A futures contract is a standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.
Coffee
A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.
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