Question

Number of WorkersTotal OutputNumber of WorkersTotal Output
006540
11007600
22208650
33209690
440010700
5475

Refer to the above table. If the price of the good produced is $10 and the wage rate is $500, then the marginal revenue product of the 5th worker is .

A) $10

B) $50

C) $750

D) $4,750

Answer

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