The marginal product of an additional unit of labor is 100 units per day and the market price of this output is $0.75 per unit.
-What is the value of labor's marginal product?
A) 75 units
B) 100 units
C) $0.75
D) $75
E) $133
Correct Answer:
Verified
Q3: For an employer,profits are maximized when the
A)
Q4: The following question are based on the
Q5: The following question are based on the
Q6: In general,a firm should employ additional units
Q7: If a worker costs $75 per day
Q9: The real wage
A) equals the amount of
Q10: The money wage adjusted for the price
Q11: The price of labor services is generally
Q12: The following question are based on the
Q13: The marginal product of labor multiplied by
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