Why Is the Value of Marginal Product Equal to the Marginal

question 43

Multiple Choice

Why is the value of marginal product equal to the marginal revenue product under perfect competition in the product market?

• A)Because price is equal to average revenue
• B)Because price is equal to average cost
• C)Because marginal revenue is equal to marginal cost.
• D)Because price is equal to marginal revenue
• E)Because average revenue is equal to average cost

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