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Question 81 pts Labor Total Product MP TR MRP TC MRC TP 0 0 ? ? - $10.16 - ? 1 12 ? ? $18.48
Question 81 pts
| Labor | Total Product | MP | TR | MRP | TC | MRC | TP |
|---|---|---|---|---|---|---|---|
| 0 | 0 | ? | ? | - | $10.16 | - | ? |
| 1 | 12 | ? | ? | $18.48 | $40.96 | $30.80 | ? |
| 2 | 38 | ? | ? | $40.04 | $71.76 | $30.80 | ? |
| 3 | 72 | ? | ? | $52.36 | $102.56 | $30.80 | ? |
| 4 | 109 | ? | ? | $56.98 | $133.36 | $30.80 | ? |
| 5 | 129 | ? | ? | $30.80 | $164.16 | $30.80 | ? |
| 6 | 143 | ? | ? | $21.56 | $194.96 | $30.80 | ? |
| 7 | 130 | ? | ? | -$20.02 | $225.76 | $30.80 | ? |
Assume final product price is $1.54. What is the profit maximizing labor quantity?
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Green Jobs For Sustainable Development
Authors: Ana Maria Boromisa, Sanja Tišma
1st Edition
131775185X, 9781317751854
