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Eva8 [605]
3 years ago
11

Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 80 units. if the

product sells for $6 per unit in a purely competitive market, the mrp of this additional worker is multiple choice $6. $8. $48. $80.
Business
1 answer:
cluponka [151]3 years ago
8 0

Considering that labor is the only variable input and an additional input increases from 72 to 80 units with the product costs of $6 per unit in a purely competitive market, then the mrp of the additional worker is $48.

Solution: (80 x $6) – (72 x $6) = $48

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