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Use Table: Marginal Revenue Product

Question 92

Multiple Choice

Use Table: Marginal Revenue Product. The table lists the number of workers and the marginal revenue product per hour that is generated by each worker for a firm in a perfectly competitive market. If the hourly wage of workers is $12 per hour, then the firm will hire _____ workers.
Use Table: Marginal Revenue Product. The table lists the number of workers and the marginal revenue product per hour that is generated by each worker for a firm in a perfectly competitive market. If the hourly wage of workers is $12 per hour, then the firm will hire _____ workers. A) three B) four C) five D) six


A) three
B) four
C) five
D) six

Correct Answer:

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