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The Following Table Shows Output Per Hour Produced by the Different

question 66

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The following table shows output per hour produced by the different units of labor. Table 14.1
The following table shows output per hour produced by the different units of labor. Table 14.1   The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue. According to Table 14.1, the marginal-revenue product of the: A) fourth worker is $8. B) fifth worker is $3. C) first worker is $3. D) third worker is $5. E) second worker is $12. The marginal revenue product of a resource is equal to the product of the marginal product of an input and marginal revenue.
According to Table 14.1, the marginal-revenue product of the:

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Definitions:

Net Inflow

The total amount of something (such as capital or goods) entering a location minus the amount leaving it.

Services

Intangible activities or benefits that an organization provides to consumers in exchange for money or some other value.

Dollar Rate

The exchange rate of a currency against the US dollar.

British Pounds

The currency of the United Kingdom, officially known as the pound sterling, used across England, Scotland, Wales, and Northern Ireland.

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