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2 September, 01:20

Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 80 units. If the product sells for $6 per unit in a purely competitive market, the MRP of this additional worker is:

A. $6.

B. $8.

C. $48.

D. $80.

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Answers (1)
  1. 2 September, 03:42
    0
    I think the answer might be C. $48
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