Multiple Choice
Bob's Baubles,Inc.,sells its product for $3 each in a perfectly competitive market.If it increases its workforce from 1,000 to 1,001,its output goes from 615 to 625 per day.Its marginal revenue product for the 1,001st worker is:
A) $3.
B) $1, 845.
C) $30.
D) $3,003
Correct Answer:
Verified
Correct Answer:
Verified
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