Multiple Choice
Suppose a competitive firm that is profit-maximizing pays a wage of $750 per week, and the price of its output is $15 per unit. Based on this information, one may surmise that the firm's marginal product is
A) $750.
B) 15 units.
C) $50.
D) 50 units.
E) $15.
Correct Answer:
Verified
Correct Answer:
Verified
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