The table below shows the total production for varying numbers of hours worked producing yo- yos.The firm sells its product and hires its workers in competitive markets. TABLE 13- 4
-Consider labour that is hired for $18 per hour.If the last hour of labour hired produces 8 units of output which sells for $10 per unit,that labour- hour's marginal revenue product is
A) $1.20.
B) $144.
C) $80.
D) $4.44.
E) $64.
Correct Answer:
Verified
Q111: The table below shows the total
Q112: The theory of equal net advantage is
Q113: FIGURE 13- 1 Q114: Which of the following statements concerning factor Q115: The shape of the marginal revenue product Q117: Consider the following production and cost Q118: Which of the following is the best Q119: Consider the following production and cost Q120: Consider a firm's demand curve for labour.If Q121: The "size distribution of income" refers to
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