(Figure: MPP and MRP) Unit Price = $5
In the table, what is the marginal revenue product of the fifth worker?
$\begin{array}{|l|l|l|l|l|}
\hline\text { Labor } & \text { Total } & \mathrm{MPP}_{L} &\text { Total } & \mathrm{MRP}_{L} \
& \text { Product } & & \text { Revenue } & \
& \text { (Q) } & & \text { (TR) } &\
\hline & 35 & 35 & ? & \$ 175 \
\hline 2 & 75 & 40 & ? & \$ 200 \
\hline 3 & 105 & 30 & \$ 525 & ? \
\hline 4 & 130 & 25 & \$ 650 & ? \
\hline 5 & 150 & 20 & \$ 750 & ?\
\hline
\end{array}$
A) $100
B) $150
C) $200
D) $750

Question

(Figure: MPP and MRP) Unit Price = $5
In the table, what is the marginal revenue product of the fifth worker?
 $\begin{array}{|l|l|l|l|l|}
 \hline\text { Labor } & \text { Total } & \mathrm{MPP}_{L} &\text { Total } & \mathrm{MRP}_{L}  \
& \text { Product } & & \text { Revenue } & \
& \text { (Q) } & & \text { (TR) } &\
 \hline & 35 & 35 & ? & \$ 175 \
\hline 2 & 75 & 40 & ? & \$ 200 \
\hline 3 & 105 & 30 & \$ 525 & ? \
\hline 4 & 130 & 25 & \$ 650 & ? \
\hline 5 & 150 & 20 & \$ 750 & ?\
\hline
\end{array}$
A) $100
B) $150
C) $200
D) $750

Quizplus · Accepted Answer

The marginal revenue product (MRP) of the fifth worker is calculated by multiplying the marginal physical product (MPP) by the unit price. For the fifth worker, MPP = 20 and Unit Price = $5, so MRP = 20 * $5 = $100.

(Figure: MPP and MRP) Unit Price = $5 in the Table

(Figure: MPP and MRP) Unit Price = $5
in the Table