If the marginal product of the second worker hired by a firm is 10 units and the

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If the marginal product of the second worker hired by a firm is 10 units and the price of a unit of output is $7 regardless of the quantity of output sold, then the marginal revenue product of the second worker is

a). $7

b). $21

c). $2

d). $14

e). $70rn

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Oct 25, 2020 09:01 PM

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If the marginal product of the second worker hired by a firm is 10 units and the

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Ans Given Marginal product of second worker MP 10units Price of a unit of output 7 Marg... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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