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Author Question: How are market price, average revenue, and marginal revenue related for a perfectly competitive firm ... (Read 173 times)

tingc95

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How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
 
  What will be an ideal response?

Question 2

The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
 
  A) the division of labor. B) the average cost of production.
  C) the average product of labor. D) the marginal product of labor.


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kjohnson

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tingc95

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Reply 2 on: Jun 29, 2018
Excellent


cpetit11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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