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According to the Marginal Productivity Theory of Resource Demand, the Labor-Demand

Question 234

Multiple Choice

According to the marginal productivity theory of resource demand, the labor-demand schedule for a producer selling in a purely competitive market is


A) the same as the marginal resource cost schedule.
B) the same as the marginal productivity schedule.
C) the same as the marginal revenue product schedule.
D) independent of the value of the product being produced.

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