Suppose a Competitive Firm That Is Profit-Maximizing Pays a Wage

question 85

Multiple Choice

Suppose a competitive firm that is profit-maximizing pays a wage of $750 per week, and the price of its output is $15 per unit. Based on this information, one may surmise that the firm's marginal revenue product is

• A)50 units.
• B)$15.
• C)$50.
• D)$750.
• E)15 units.

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