Marginal revenue product of the second unit of factor

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Reference no: EM13816738

When a perfectly competitive firm (that sells its good for $18 per unit) hires 1 unit of factor X it produces 35 units of output and when it hires 2 units of factor X it produces 55 units of output. Marginal revenue product of the second unit of factor X is equal to

a. $20.

b. $530

c. $265

d. $360

e. none of the above

Reference no: EM13816738

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