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Marginal Revenue Product of Labour for a Competitive Seller Is

Question 15

Multiple Choice

Marginal revenue product of labour for a competitive seller is


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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