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Fairly Decent Industries has the following production schedule.The price of the product being produced is $5 in a purely competitive market. On the following table,

Fairly Decent Industries has the following production schedule.The price of the product being produced is $5 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.

image text in transcribedimage text in transcribed
Marginal Marginal Workers Output/Hour Product Revenue Product 0 0 5 20 10 35 3 15 45 N$/worker/hour $40 $36 $32 $28 $24 $20 $16 $12 $8 $4 0 20 40 60 80 100 # of workers

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