Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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