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.

Question

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.

Quizplus · Accepted Answer

The marginal revenue product of the fifth worker is $3, as shown in the table.

The Following Table Shows Output Per Hour Produced by the Different