Suppose That a Firm Sells a Good for a Perfectly

question 30

Multiple Choice

Suppose that a firm sells a good for a perfectly competitive price of $5.The equilibrium wage rate is $10.The first worker it hires produces five units.Two workers produce a total of nine units.If it hires two workers,the value of marginal product for the second worker is:

• A)$5.
• B)$45.
• C)$20.
• D)$10.

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