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/ (4 poll Listen Assume labor is the only variable input and that an additional input of labor increases total output from 5 to 12
/ (4 poll Listen Assume labor is the only variable input and that an additional input of labor increases total output from 5 to 12 units. If the product sells for $10 per unit in a purely competitive market, the MRP of this additional worker is O $10. O $7. $70. $120. Previous Page
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