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If the Wage Rate Paid to a Textile Employee Is

Question 36

Multiple Choice

If the wage rate paid to a textile employee is $150 and the marginal product of a worker is 225 yards of fabric, this means that for each additional dollar spent on labor, there is a gain of________ yards of fabric.


A) 5
B) 0.67
C) 3
D) 1.5

Correct Answer:

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