The Following Table Shows the Total Output Produced by Different

question 75

Multiple Choice

The following table shows the total output produced by different units of a resource.Assume that the resource and output markets are both perfectly competitive.The equilibrium price of the resource is $15.00, and the equilibrium price of the product is $0.50. Table 14.2
Marginal revenue product (MRP) of a resource is the product of the marginal product of the resource and the marginal revenue.
Refer to Table 14.2.What is the marginal-revenue product of the third unit of the resource?

• A)$6.50
• B)$13.00
• C)$17.50
• D)$70.00
• E)$20.00

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Definitions:

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts.

Diagnostic

Pertaining to the identification of the nature or cause of a health problem, often involving analysis of physical symptoms and medical testing.

Statistical Manual

Refers generally to comprehensive publications that categorize and define statistical data or diagnostic criteria, such as the DSM for psychiatric disorders.

Psychological Disorders

A range of conditions characterized by abnormal thoughts, feelings, or behaviors that may cause distress or prevent normal functioning.