For a Firm That Is a Price Taker in the Market

Multiple Choice

For a firm that is a price taker in the market for labor, the marginal revenue product of labor equals the

A) marginal product of labor multiplied by the wage rate.
B) marginal product of labor multiplied by the product price.
C) marginal product of labor divided by the wage rate.
D) marginal product of labor multiplied by the marginal cost of production.