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AP® Microeconomics

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Moderate

Factor Markets: Marginal Revenue Product for Workers Calculation

APMICR-EKYANZ

The table below represents the production function of a firm that hires its labor in a perfectly-competitive resource market for \$50 a day. If the firm can sell all of its output for \$5 each, what is the MRP of the third worker?

# of Workers Total Output
1 20
2 34
3 44
4 52
A

$0

B

$50

C

$170

D

$220

E

Cannot be determined from the information given