For a Firm That Is a Price Taker in the Market

question 218

Multiple Choice

For a firm that is a price taker in the market for labor, the marginal revenue product of labor equals the

• A)marginal product of labor multiplied by the wage rate.
• B)marginal product of labor multiplied by the product price.
• C)marginal product of labor divided by the wage rate.
• D)marginal product of labor multiplied by the marginal cost of production.

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