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Marginal Revenue Product Can Be Calculated for a Competitive Firm

Question 49

Multiple Choice

Marginal revenue product can be calculated for a competitive firm by


A) dividing marginal revenue by output price.
B) multiplying marginal revenue by output price.
C) multiplying marginal cost by output price.
D) adding marginal product and output price.
E) multiplying marginal product by output price.

Correct Answer:

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