Kyle Works for a Perfectly Competitive Firm and He Receives

question 147

Multiple Choice

Kyle works for a perfectly competitive firm and he receives a wage rate of $15.One can infer that

• A) Kyle's marginal product is greater than $15.
• B) the firm's price is at least $3.
• C) Kyle has the highest value of marginal product.
• D) Kyle's value of marginal product is at least $15.
• E) Kyle is underpaid.

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