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What Is Marginal Revenue Product of Labour for a Competitive

Question 17

Multiple Choice

What is marginal revenue product of labour for a competitive seller?


A) The change in total product from hiring one more worker.
B) Equal to the marginal product of labour multiplied by the output price.
C) The output price multiplied by the quantity sold.
D) The marginal revenue of the product multiplied by the output price.

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