Marginal Productivity Theory Implies That a Worker Will Be Paid

question 4

Multiple Choice

Marginal productivity theory implies that a worker will be paid a wage (W) such that

• A)W = MRP, but W < VMP.
• B)W < MRP, but W = VMP.
• C)W = MRP and W = VMP.
• D)W = MFC, but W < MRP.
• E)W < MRP and W < VMP.

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