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Assume That Labor Is the Only Variable Input and That

Question 84

Multiple Choice

Assume that labor is the only variable input and that an additional input of labor increases total output from 72 to 78 units.If the product sells for $6 per unit in a perfectly competitive market,then the MRPof this additional worker is:


A) $78
B) $72
C) $36
D) $39
E) $6

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