4- Refer to Table 10.1. The marginal revenue product of the fourth worker isTable 10.1Total Labor Units Total Product Marginal Product of Price per(employees)(T-shirts per day) Labor (per day)T-shirt12020$525030375255495205110155а)$20.b)$475.c)$5.|(p$100.ம ம ம ம

Marginal revenue productivity of labor measures the additional revenue that the firm can earn by…

Answered: Total Labor Units (employees) Total…

Total Labor Units (employees) Total Product Marginal Product of Price per (T-shirts per day) Labor (per day) T-shirt 1 20 20 $5 2 50 30 3 75 25 4 95 20 110 15 5 a) $20. b) $475. c) $5. (p $100.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4- Refer to Table 10.1. The marginal revenue product of the fourth worker is
Table 10.1
Total Labor Units Total Product Marginal Product of Price per
(employees)
(T-shirts per day) Labor (per day)
T-shirt
1
20
20
$5
2
50
30
3
75
25
5
4
95
20
5
110
15
5
а)
$20.
b)
$475.
c)
$5.
|(p
$100.
ம ம ம ம

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