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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Following Table Shows Data for a Firm