Question 18 Below is productivity data for a firm which purchases resources in a perfectly competitive factor market. Not yet answered Quantity (L) Total Product MP, Unit Price of Product $ Points out of 1.0 4 4 2.00 Flag 10 6 question 2.00 18 8 2.00 28 10 2.00 36 18 2.00 42 6 2.00 46 4 2.00 8 48 2 2.00 19 49 1 2.00 Refer to the above information to answer this question. At its optimal output, what is the Total Revenue that will be generated IF the market wage rate is $8? Hint 1: MRP = MPL x Price of product Hint 2: Think about the decision rule: Wages = MRP TR = ??? Select one: O a $14 O b. Cannot be determined. O c. $8 O d. $96 O e. $92