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Suppose Ten Pretzels Are Sold at a Price of $8

Question 104

Multiple Choice

Suppose ten pretzels are sold at a price of $8 each and the marginal product of the last unit of labor required to produce pretzels is 5 units.The total revenue of the firm producing pretzels is _____


A) $80.
B) $30.
C) $50.
D) $8.
E) $150.

Correct Answer:

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