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 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
Correct Answer:

Verified
Correct Answer:
Verified
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