Multiple Choice
If the marginal revenue product of the fifth worker hired by a firm is $15 and the price of a unit of output is $5 regardless of how much is sold, then the marginal product of the fifth worker is
A) 15 units of output.
B) 5 units of output.
C) 3 units of output.
D) 45 units of output.
E) 75 units of output.
Correct Answer:
Verified
Correct Answer:
Verified
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