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Suppose the Last Unit of a Factor of Production Employed

Question 8

Multiple Choice

Suppose the last unit of a factor of production employed has a marginal product of 12.The factor's price is $8,and the product's competitive market price is $6.This factor's marginal revenue product is


A) $6.
B) $36.
C) $48.
D) $72.
E) $96.

Correct Answer:

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