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3 years ago

Units of Labor Quantity of Output Marginal Revenue

Business

1 answer:

lora16 [44]3 years ago

3 0

Answer:

$7,650

Explanation:

Calculation for the marginal revenue product of the fifth unit of labor

Using this formula

Fifth unit of Labor marginal revenue product=Fifth Quantity of Output*Marginal Revenue

Let plug in the formula

Fifth unit of Labor marginal revenue product=1,530 *$5

Fifth unit of Labor marginal revenue product=$7,650

Therefore the marginal revenue product of the fifth unit of labor is $7,650

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3 years ago

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Answer:

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A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

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