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Three Accountants Can Prepare 5 Tax Returns a Day and Four

Question 79

Multiple Choice

Three accountants can prepare 5 tax returns a day and four accountants can prepare 7 tax returns a day.If the marginal revenue product of hiring the fourth accountant is $300,then in a perfectly competitive product market the price of each tax return is


A) $250
B) $100
C) $300
D) $200
E) $150

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