Multiple Choice
Use the information in the table below to answer the following question(s) . The firm hires labor competitively and sells its product in a competitive price-taker market.
-Refer to Table 12-6. What is the marginal revenue product of the fifth unit of labor?
A) $6
B) $36
C) $54
D) $324
Correct Answer:
Verified
Correct Answer:
Verified
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