Multiple Choice
Assume that a competitive firm sells its product for $5 per unit.The firm wants to increase the number of workers employed from 100 to 101 and expects output to rise from 400 units to 410 units.The firm pays a constant wage of $8 per hour to all of its workers.Based on the given information,the marginal value product of the 101st worker is _____.
A) $5
B) $10
C) $50
D) $80
Correct Answer:
Verified
Correct Answer:
Verified
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