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Question
| Labor Input (workers per week) | Marginal Physical Product (output per week) | Marginal Revenue MR |
| 25 | 150 | 9.00 |
| 26 | 140 | 8.50 |
| 27 | 130 | 8.00 |
| 28 | 120 | 7.50 |
| 29 | 110 | 7.00 |
Refer to the above table. What does the marginal revenue product equal when 27 workers are hired a week?
A) $1040
B) $216
C) $16.25
D) $8
Answer
This answer is hidden. It contains 1 characters.
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