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Suppose the Current Market Wage Rate (W)is $4

Question 110

Multiple Choice

Suppose the current market wage rate (w) is $4.In the short run,a firm's marginal cost at the current output level is $2.What is this firm's marginal product of labor?


A) MPL = 0.5
B) MPL = 1
C) MPL = 2
D) MPL = 8

Correct Answer:

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