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
-Suppose that the last unit of a factor of production employed has a marginal product of 12.The factor's price is $8,and the product's competitive market price is $6.This factor's marginal revenue product is
A) $96.
B) $72.
C) $6.
D) $36.
E) $48.
Correct Answer:
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