Kyle Works for a Perfectly Competitive Firm Where He Receives

question 123

Multiple Choice

Kyle works for a perfectly competitive firm where he receives a wage rate of $15. From this, one can infer that:

• A)Kyle's marginal product is at least $15.
• B)the price of the firm's output is at least $15.
• C)Kyle's reservation wage is $15.
• D)Kyle's value of marginal product is at least $15.

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