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Please help!! (05.03 HC) Use the data in the tables to answer the question that follows. Market Firm Price of Output Quantity Supplied of Output

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(05.03 HC) Use the data in the tables to answer the question that follows. Market Firm Price of Output Quantity Supplied of Output Quantity Demanded of Output Quantity of Labor Total Product $5 25,000 60,000 0 0 $10 50,000 50,000 15 105 $15 75,000 40,000 30 190 $20 100,000 30,000 45 265 $25 125,000 20,000 60 325 What is the marginal revenue product of the 60th unit of labor, assuming this market is perfectly competitive in both the factor and output markets? O $30 O $40 O $80 O $100 $3,250

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