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Marginal Productivity Theory Implies That a Worker Will Be Paid

Question 4

Multiple Choice

Marginal productivity theory implies that a worker will be paid a wage (W) such that

A) W = MRP, but W < VMP.
B) W < MRP, but W = VMP.
C) W = MRP and W = VMP.
D) W = MFC, but W < MRP.
E) W < MRP and W < VMP.

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