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Author Question: Consider the following table for a firm. The first column shows the number of units of a variable ... (Read 40 times)

Rafic Kaaki

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on: Oct 12, 2022
Consider the following table for a firm. The first column shows the number of units of a variable factor of production employed by the firm; the second column shows the associated levels of output.

Total Number of Units of the FactorTotal Number of Units of Output
2100
3110
4128
5148
6162
7170
8166

TABLE 13-2

Refer to Table 13-2. Suppose this firm is a perfect competitor and faces a given price of the product equal to $15 per unit. The marginal revenue product of the 5th unit of the factor is
◦ $75.
◦ $300.
◦ $100.
◦ $2220.
◦ $30.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Rafic Kaaki on Oct 12, 2022

MajorWaffle

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Rafic Kaaki

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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