-Figure 12-6 Shows the Production Function for a Firm That

question 12

Multiple Choice

-Figure 12-6 shows the production function for a firm that sells its output in a perfectly competitive market where the market price is $20.Between the second and third workers,the marginal revenue product of labor equals

• A)$200
• B)$2,000
• C)$600
• D)$4,000
• E)$1,200