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Consider the Following Table for a Firm TABLE 13- 2
-Which of the Following Is the Best

Question 13

Multiple Choice

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.  Total Number of  Units of the Factor  Total Number of  Units of Output 2100311041285148616271708166\begin{array} { | c | l | } \hline \begin{array} { c } \text { Total Number of } \\\text { Units of the Factor }\end{array} & \begin{array} { c } \text { Total Number of } \\\text { Units of Output }\end{array} \\\hline 2 & 100 \\\hline 3 & 110 \\\hline 4 & 128 \\\hline 5 & 148 \\\hline 6 & 162 \\\hline 7 & 170 \\\hline 8 & 166 \\\hline\end{array} TABLE 13- 2
-Which of the following is the best definition of the marginal revenue product (MRP) of a factor of production?


A) the average product of the factor multiplied by the price of the output
B) marginal revenue multiplied by total product
C) the change in revenue caused by the sale of an additional unit of output
D) the change in revenue generated by the sale of the product produced by an additional unit of input
E) the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor

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