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Demand and Supply Labor Data Employment Total Output Product Price Wage Rate 10 108 $1.05 $6 11 160 0.95 7 12 210 0.85 8 13
Demand and Supply Labor Data Employment Total Output Product Price Wage Rate 10 108 $1.05 $6 11 160 0.95 7 12 210 0.85 8 13 258 0.75 9 Refer to the table. What is the marginal revenue product if the firm employs the 12th worker? Group of answer choices $19.50 $26.50 $42.50 $47.50
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