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Question
| Quantity of Workers | Total Product | Marginal Marginal Physical Product Revenue Product |
| 0 | 0 | - - |
| 1 | 7 | |
| 2 | 18 | |
| 3 | 30 | |
| 4 | 40 | |
| 5 | 48 |
In the above table, if this is a perfectly competitive firm and the market price of the product is $8, what is the marginal revenue product of worker 3?
A) $96
B) $88
C) $80
D) $240
Answer
This answer is hidden. It contains 1 characters.
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