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Fairly Decent Industries has the following production schedule. The price of the product being produced is $3 in a purely competitive market On the following

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Fairly Decent Industries has the following production schedule. The price of the product being produced is $3 in a purely competitive market On the following table, compute the Marginal Revenue Product for every "jump" between one level of workers and the next. Instructions: Enter your answers as whole numbers. Marginal Marginal Workers Output/Hour Product Revenue ook Product 0 0 int 1 8 8 24 ences 2 14 6 $ 18 3 18 4 $ 12 The hourly wage for workers is $15. Assuming workers must be hired in increments as shown on the table, Fairly Decent Industries will keep hiring workers until it has workers, but no more

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