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    Principles of Microeconomics Study Set 4
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    Exam 12: Wages and Employment in Perfect Competition
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    In Perfect Competition Where P Is the Price of Output
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In Perfect Competition Where P Is the Price of Output

Question 83

Question 83

Multiple Choice

In perfect competition where P is the price of output:


A) MRPL = MPL x P.
B) MRPL/MPL = PL.
C) MRP/P = MPK.
D) MRPL x P = MPL.

Correct Answer:

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