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  3. Study Set
    The Economy Today Study Set 1
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    Exam 30: The Labor Market
  5. Question
    -Assume That the Product Price Is $4 Per Unit and That
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-Assume That the Product Price Is $4 Per Unit and That

Question 51

Question 51

Multiple Choice

   -Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.3,the marginal revenue product of the second worker hired is A) $4 per hour. B) $6 per hour. C) $24 per hour.
-Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.3,the marginal revenue product of the second worker hired is


A) $4 per hour.
B) $6 per hour.
C) $24 per hour.

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