Table 124 Table 12

question 103

Multiple Choice

Table 12.4 Table 12.4 lists data for the production of Apple iPods.Apple is assumed to be a price maker, so to increase its sales of iPods the firm must lower its price.MP_L and MRP_L refer to the marginal product of labour and the marginal revenue product of labour, respectively.
-Refer to Table 12.4.The quantity of labour and marginal revenue product of labour that will maximise the profit Apple would earn from selling iPods are

• A)2; $160
• B)3; $340
• C)2; $680
• D)3; $140

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