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Marginal Revenue Product Exercise 2 N Pierre produces wedges of aged cheddar cheese and sells them for $10 each. The table below shows the labor

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Marginal Revenue Product Exercise 2 N Pierre produces wedges of aged cheddar cheese and sells them for $10 each. The table below shows the labor productivity for Pierre's cheese-making business. Fill in the missing values. Assume this is a perfectly competitive market. Instructions: Enter your answers as a whole number. Pierre's Cheese Business and Revenues Labor Total Product (wedges Marginal Product Price Total Revenue Marginal Revenue (workers) of cheese) (wedges of cheese) (dollars) (dollars) Product (dollars) 0 0 $10 0 2 10 10 200 S 4 44 10 120 6 62 9 10 620 90 8 78 10 780 10 J 10 70 12 UT 10 1, 020 14 110 10 40

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