Consider the Following Table for a Firm

question 59

Multiple Choice

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-2
-Refer to Table 13-2.Suppose the firm is a perfect competitor and faces a given price of the product equal to $2 per unit.The marginal revenue product of the 5th unit of the factor is

• A)$128.
• B)$148.
• C)$20.
• D)$40.
• E)$2.

---

Definitions:

Charitable Causes

Initiatives or organizations dedicated to providing aid, support, or relief to those in need, often through fundraising and volunteer efforts.

Test Anxiety

Test anxiety is a psychological condition in which individuals experience extreme stress, discomfort, and nervousness during or in anticipation of taking an examination.

Study Groups

Small groups of individuals who meet regularly to discuss and learn about a specific subject together, enhancing understanding and motivation.

Multiple Choice

A type of question or survey response option where the respondent selects a single answer from a list of possible options.