Multiple Choice
Suppose a firm sells a good for a perfectly competitive price of $5. The equilibrium wage rate is $10. The first worker it hires produces five units. Two workers produce a total of nine units. If it hires two workers, the value of marginal product for the second worker is:
A) $5.
B) $45.
C) $20.
D) $10.
Correct Answer:
Verified
Correct Answer:
Verified
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