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Units of Labor Quantity of Output Product Price Marginal Revenue Product 0 0 $1.30 1 220 $1.30 (A) 2 400 $1.30 (B) 3 510 $1.30
Units of Labor Quantity of Output Product Price Marginal Revenue Product 0 0 $1.30 1 220 $1.30 (A) 2 400 $1.30 (B) 3 510 $1.30 (C) 4 600 $1.30 (D) 5 680 $1.30 (E) 6 750 $1.30 (F) Use the table above. The MRP is expressed as the amount of revenue each additional worker brings to the firm per day. The wage listed below is expressed as a daily wage. If the wage is $80, the firm should hire workers If the wage is $100, the firm should hire workers If the wage is $120, the firm should hire workers If the wage is $140, the firm should hire workers
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