Complete the table below, assuming that the price of a unit of output is $40 and that the cost of hiring one more unit of labor is $300 per week. Phil's Lawn Care Units of LaborOutput per WeekMarginal ProductMarginal Revenue125 240 350 456 560
What will be an ideal response?
Phil's Lawn Care
| Units of Labor | Output per Week | Marginal Product | Marginal Revenue |
| 1 | 25 | 25 | $1.000 |
| 2 | 40 | 15 | $600 |
| 3 | 50 | 10 | $400 |
| 4 | 56 | 6 | $240 |
| 5 | 60 | 4 | $160 |
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