The Table Below Shows the Total Number of Loaves of Bread

question 43

Multiple Choice

The table below shows the total number of loaves of bread a bakery can bake per year with different numbers of ovens.The market for bread is perfectly competitive,with a market price of $2 per loaf.What is the marginal revenue product of the third oven?

• A) $1,200
• B) 2,400 loaves of bread
• C) $4,800
• D) 600 loaves of bread
• E) $1,600

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