APFIVE Calculating Marginal Revenue Product
A worker produces 15 additional units of a good, and each unit is sold for $20. Which of the following correctly calculates the marginal revenue product (MRP) of this worker?
A
The MRP is $3000, calculated as 15 * $20 * 10.
B
The MRP is $200, derived by subtracting 15 from $20.
C
The MRP is $300, calculated as 15 * $20.
D
The MRP is $35, calculated as 15 + $20.
Question Leaderboard
Not enough data yet to show leaderboard.