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Home Q & A Board Other Fields Homework Help Business Economics
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Satsume Satsume
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6 years ago
The marginal product of labor for Acme, Inc. is 15.  The average product of labor is 25, and the price of labor is $10.  Assuming that Acme, Inc. is a competitor in its output and input markets, the marginal revenue product of labor:
A) is $10.
B) is $150.
C) is $250.
D) is $375.
E) cannot be determined with the information provided.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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6 years ago
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