-Assume That the Product Price Is $4 Per Unit and That

question 51

Multiple Choice

-Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.3,the marginal revenue product of the second worker hired is

• A)$4 per hour.
• B)$6 per hour.
• C)$24 per hour.

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Definitions:

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The American Institute of Certified Public Accountants, a professional organization for certified public accountants in the United States.

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