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Question
| Number of Workers | Total Output | Number of Workers | Total Output |
| 0 | 0 | 6 | 945 |
| 1 | 200 | 7 | 1000 |
| 2 | 420 | 8 | 1025 |
| 3 | 620 | 9 | 1035 |
| 4 | 770 | 10 | 1040 |
| 5 | 870 |
Refer to the above table. Suppose the marginal revenue product of the 7th worker is $1100. This implies that
A) the price of the good is $1.
B) the price of the good is $8.
C) the price of the good is $20.
D) we cannot tell what the price of the good is without more information.
Answer
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