If Labor Is the Variable Input, Then Marginal Cost Equals

question 42

Multiple Choice

If labor is the variable input, then marginal cost equals

• A)MPP divided by the wage rate.
• B)average variable (labor) costs divided by MPP.
• C)average variable (labor) costs multiplied by MPP.
• D)the wage rate divided by MPP.
• E)the wage rate multiplied by MPP.

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