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If Ten Cases of Spring Water Are Sold at a Price

Question 160

Multiple Choice

If ten cases of spring water are sold at a price of $6 each in a perfectly competitive output market and the marginal product of the last unit of labor is 5, then the marginal revenue product of that last unit of labor is


A) $60
B) $30
C) $50
D) $2
E) 60 cents

Correct Answer:

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