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Author Question: In the above table, the marginal revenue from the fourth unit of output is A) 30. B) 147. C) ... (Read 52 times)

karateprodigy

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on: Jun 29, 2018
In the above table, the marginal revenue from the fourth unit of output is
 
  A) 30.
  B) 147.
  C) 150.
  D) 180.

Question 2

The table shows some data that describes Tom's T-Shirts' total product when Tom's has 1 sewing machine. When 4 workers are employed, ________.
 
  A) average product of labor is a maximum
  B) marginal product of labor is less than average product of labor
  C) marginal product of labor exceeds average product of labor
  D) marginal product of labor equals average product of labor


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jackie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


karateprodigy

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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