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Labor Output MP of labor MRP labor Wage Marginal Profit 0 NA NA NA NA 1 4 4 40 30 10 2 10 30 3
Labor Output MP of labor MRP labor Wage Marginal Profit 0 NA NA NA NA 1 4 4 40 30 10 2 10 30 3 5 50 30 4 3 30 0 5 20 6 21 1 30 -20 Consider the table above. What is the price of the final good? O $4 O $1 O $10 O $30
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