Business, 28.03.2020 00:52 blacee01

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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Assume labor is the only variable input and that an additional input of labor increases total output...

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