3. Again referring to the table to the right, what is the marginal revenue product of labor when profit is maximized?
  1. $5
  2. $30
  3. $33
  4. $27
  5. $25
Workers Chairs/Hour
0 0
1 5
2 12
3 20
4 27
5 33
6 38
7 42
8 45

Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved