Question
If the marginal product of the second worker hired by a firm is 10 units and the price of a unit of output is $7
If the marginal product of the second worker hired by a firm is 10 units and the price of a unit of output is $7 regardless of the quantity of output sold, then the marginal revenue product of the second worker is
a). $7
b). $21
c). $2
d). $14
e). $70rn
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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