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The following table depicts the product market and labor market a digital device manufacturer faces. Labor Input Total Physical Marginal Physical Product Total Marginal Revenue
The following table depicts the product market and labor market a digital device manufacturer faces. Labor Input Total Physical Marginal Physical Product Total Marginal Revenue (workers per day) Product Product Price ($) Revenue Product 10 100 50 11 111 1 1 49 12 121 10 48 13 130 47 14 138 46 15 145 45 a. Calculate total revenue at each input level above 10 units. (Enter numeric responses in the table above using real numbers.) b. Calculate marginal revenue product at each input level above 10 units
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