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If the wage in a perfectly competitive labor market is $20 and the firm can sell all the output it wants at $4 per unit,
If the wage in a perfectly competitive labor market is $20 and the firm can sell all the output it wants at $4 per unit, then the marginal product of the last worker employed must be (1 point)
| 5 units | |
| 16 units | |
| 24 units | |
| 80 units | |
| indeterminate |
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Democracy And Public Administration
Authors: Richard C Box
1st Edition
1317473213, 9781317473213
