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Author Question: Marginal revenue product of labor for a competitive seller is A) equal to the marginal product of ... (Read 245 times)

javeds

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on: Jun 29, 2018
Marginal revenue product of labor for a competitive seller is
 
  A) equal to the marginal product of labor multiplied by the output price.
  B) the marginal revenue of the product multiplied by the output price.
  C) the change in total product from hiring one more worker.
  D) the output price multiplied by the quantity sold.

Question 2

The entry and exit of firms in a monopolistically competitive market guarantee that
 
  A) firms can earn economic profits in the long run.
  B) price equals average total cost in the long run.
  C) marginal revenue equals marginal cost and average total cost is minimized.
  D) firms can earn economic profits in the short run.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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CourtneyCNorton

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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javeds

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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