Consider the following production and cost schedule for a firm.The first column shows the number of units of a variable factor of production employed by the firm. TABLE 13- 1
-Refer to Table 13- 1.The marginal revenue product of the 14th unit of the factor is
A) $700.
B) - $60.
C) $140.
D) $60.
E) $840.
Correct Answer:
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