Given the Table for a Competitive Firm That Is Maximizing

question 188

Multiple Choice

Given the table for a competitive firm that is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be $\begin{array}{|c|c|}\hline \text { Number of Workers }\\\text { Employed Per Day } & \text { Total Firm Output Per } \\&\text { Day }\\\hline 1 & 0 \\\hline 2 & 5 \\\hline 3 & 20 \\\hline 4 & 35 \\\hline 5 & 38\\\hline \end{array}$

• A) $1,000.
• B) $100.
• C) $20.
• D) $10.

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