If the Wage Rate Paid to a Textile Employee Is

question 107

Multiple Choice

If the wage rate paid to a textile employee is $120 and the marginal product of a worker is 12 yards of fabric, this means that for each additional dollar spent on labor, there is a gain of _________ yards of fabric.

• A)10
• B)0.1
• C)12
• D)0.12

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Definitions:

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