The demand curve for the final product is P = 40 - Q/10. The cost of Labor is WL 5. The production function is Q = 10L. What is the marginal revenue product? O 10 O 400-20 O 400-Q/20 O 40 -0.2Q
The demand curve for the final product is P = 40 - Q/10. The cost of Labor is WL 5. The production function is Q = 10L. What is the marginal revenue product? O 10 O 400-20 O 400-Q/20 O 40 -0.2Q
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQ
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![The demand curve for the final product is P = 40 - Q/10. The cost of Labor is WL = 5. The production function is Q = 10L. What is the marginal revenue product?
O 10
O 400-20
O 400-Q/20
O 40 -0.2Q](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85ae1c8e-4ca2-4677-8f05-e853be89a512%2Fb2c0f961-38f1-4cd2-b944-385dfdd74768%2Fome9jpm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The demand curve for the final product is P = 40 - Q/10. The cost of Labor is WL = 5. The production function is Q = 10L. What is the marginal revenue product?
O 10
O 400-20
O 400-Q/20
O 40 -0.2Q
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