For a firm selling its product in a purely competitive market, the marginal revenue product of labor can be found by:
A. adding marginal product to total product as one more unit of labor is employed.
B. adding marginal revenue to total product as one more unit of labor is employed.
C. multiplying marginal product by product price.
D. dividing marginal product by product price.
Answer: C
Economics
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What will be an ideal response?
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