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The corresponding table shows the production and cost information for a perfectly competitive firm that produces anvils. Quantity produced Total cost Total revenue Number of

The corresponding table shows the production and cost information for a perfectly competitive firm that produces anvils.

Quantity produced Total cost Total revenue Number of workers
5 20 12.5 1
10 30 25 2
22 43 55 3
32 59 80 4
40 78 100 5
47 90 117.5 6
53 115 132.5 7
58 143 145 8
64 174 160 9

What is the price of each anvil?

price per anvil: $

Assume the company currently employs 44 workers. If they add one worker so that they have 55 workers, what is the additional worker's marginal (physical) product?

marginal product of labor: units

Assume the company currently employs 88 workers. If they add one worker so that they have 99 workers, what is the additional worker's marginal revenue product?

marginal revenue product: $

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