If Billy's Value of Marginal Product Is $6,one Can Infer

question 14

Multiple Choice

If Billy's value of marginal product is $6,one can infer that

• A) the price per unit of output is $6.
• B) Billy's marginal product is $6.
• C) the price per unit of output multiplied by Billy's marginal product is $6.
• D) the price per unit of output is at least $1.
• E) Billy's marginal product is at most $6.

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Definitions:

Composition

The way in which something is made up or formed, including the structure or arrangement of its parts.

Cohesiveness

The degree to which members of a group are attracted to and motivated to stay part of that group.

Entitativity

The degree to which a group is perceived as being a coherent, distinct, and unified entity.

Permeability

The quality of a boundary or barrier to allow substances or influences to pass through it.