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A Firm's Labor Input, Total Output of Labor, and Product

Question 73

Multiple Choice

A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the seventh worker? A) $35 B) $4 C) $5 D) $-7 A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. What is the marginal revenue product of the seventh worker?


A) $35
B) $4
C) $5
D) $-7

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