Examlex

Solved

Table 141 -Refer to Table 14

question 124

Multiple Choice

Table 14.1
 Quantity of  labour  Output (units)  180217032404300535063907420\begin{array}{|c|c|}\hline \begin{array}{c}\text { Quantity of } \\\text { labour }\end{array} & \text { Output (units) } \\\hline 1 & 80 \\\hline 2 & 170 \\\hline 3 & 240 \\\hline 4 & 300 \\\hline 5 & 350 \\\hline 6 & 390 \\\hline 7 & 420 \\\hline\end{array}
-Refer to Table 14.1.If the output price is $3, what is the marginal revenue product of the fifth unit of labour?


Definitions:

Related Questions