Business, 08.04.2020 00:06 justinerodriguz2878

When a perfectly competitive firm (that sells its good for $20 per unit) hires 1 unit of factor X it produces 70 units of output and when it hires 2 units of factor X it produces 85 units of output. Marginal revenue product of the second unit of factor X is equal to

A. $30
B. $530
C. $265
D. $300

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When a perfectly competitive firm (that sells its good for $20 per unit) hires 1 unit of factor X it...

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