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Bubbles1999 Bubbles1999
wrote...
Posts: 319
5 years ago
If a monopolist has an output price of $10, marginal revenue equal to $4, and faces a fixed wage rate of $7, then the monopolist should hire labor until the marginal revenue product is equal to
A) $10.
B) $4.
C) $7.
D) $14.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 C
Bubbles1999 Author
wrote...
5 years ago
Thank you for helping me with my quiz
wrote...
5 years ago
Perfect
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