Table 115 -Refer to Table 11

question 143

Multiple Choice

Table 11.5
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Units of } \\\text { Variable } \\\text { Resource }\end{array} & \begin{array} { c } \text { Total } \\\text { Product }\end{array} & \begin{array} { c } \text { Product } \\\text { Price } ( \$ ) \end{array} \\\hline 0 & 0 & 22 \\\hline 1 & 15 & 20 \\\hline 2 & 29 & 18 \\\hline 3 & 42 & 16 \\\hline 4 & 54 & 14 \\\hline 5 & 65 & 12 \\\hline 6 & 75 & 10 \\\hline 7 & 84 & 8 \\\hline 8 & 92 & 6 \\\hline 9 & 99 & 4 \\\hline 10 & 105 & 2 \\\hline\end{array}$$
-Refer to Table 11.5,which shows data for a firm.The first column shows the number of variable resources employed in production,the second column shows firm's total product,and the third column shows its product price.The firm will hire the fourth unit of resource when the marginal revenue product of the fourth unit is _____

• A)$14.
• B)$24.
• C)$168.
• D)$84.
• E)$756.

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Definitions:

Blank Endorsement

A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.

Endorsed

The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.

Payee

The party in whose favor a check, draft, or note is made, entitled to receive the payment from the payer.

Drawer

The person or entity that writes a check or draft instructing the drawee to pay someone else.