Multiple Choice
If the price for a box of kiwis is $40,the wage rate for kiwi laborers is $10 per hour,and a laborer can pick 3 boxes of kiwis per hour,the
A) MRP is $30 per hour.
B) MPP is $30 per hour.
C) Cost efficiency is 3/10 of a box per dollar.
D) Wage rate will tend to fall.
Correct Answer:
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