Examlex

Solved

The Following Table Shows Data for a Firm

question 116

Multiple Choice

The following table 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 _____. ​
Table 11.4

The following table 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 _____. ​ Table 11.4 ​   A) $14 B) $24 C) $168 D) $84 E) $756


Definitions:

Related Questions