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Use the Information Given in the Table Below to Answer

Question 175

Multiple Choice

Use the information given in the table below to answer the following question(s) . Assume the firm hires labor competitively and sells its product in a competitive price-taker market at a price of $2 per unit.
Table 12-7
Use the information given in the table below to answer the following question(s) . Assume the firm hires labor competitively and sells its product in a competitive price-taker market at a price of $2 per unit. Table 12-7   Refer to Table 12-7. What is the marginal revenue product of the fifth unit of labor? A)  $2 B)  $4 C)  $20 D)  $100 Refer to Table 12-7. What is the marginal revenue product of the fifth unit of labor?


A) $2
B) $4
C) $20
D) $100

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