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A Firm Faces Competitive Markets for Its Inputs and Its

Question 24

Multiple Choice

A firm faces competitive markets for its inputs and its output.At the profit-maximizing level of output,its marginal cost is $10 and the wage paid is $2.If the MPL = L-0.5,what is the marginal product of the firm?


A) 0.10
B) 0.2
C) 0.35
D) 5

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