The marginal revenue product of labor [MRPL] is equal to the product of:
A) the marginal product of labor and the quantity of labor employed.
B) the wage rate and the marginal product of labor.
C) the wage rate and marginal revenue per unit of output
D) marginal product of labor and total revenue of the firm.
E) the marginal revenue per unit of output and the marginal product of labor
Correct Answer:
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