The Acme Company is a perfect competitor in its input markets and its output market. Its average product of labor is 30, the marginal product of labor is 20, the price of labor is $20, and the price of the output is $5
For Acme Company, the marginal revenue product of labor A) is $100.
B) is $150.
C) is $400.
D) is $600.
E) cannot be determined with the information provided.
A
Economics
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Which of the following scenarios would be most likely to cause the shift in the demand of loanable funds from D1 to D0, shown in the following diagram?
a) A decrease in investment tax credits. b) A technological advancement that increases productivity. c) An increase in business taxes. d) The expansion of business regulations.
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