The following is a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant.Units of ResourceTotal Product124242460680792If the product the firm produces sells for a constant $3 per unit, the marginal revenue product of the sixth unit of the resource is

A. $30.
B. $10.
C. $60.
D. $20.

Answer: A

Economics

You might also like to view...

Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?

A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets

Economics

If you got a birthday gift of a $100 U.S. savings bond, you would have received

a. M1 money b. M2 money c. specie d. near money e. not money

Economics