If a firm is a price taker in both the input and output markets, ...

[fnuegbu]

If a firm is a price taker in both the input and output markets, its marginal revenue product of labor is given by:
 a. the price of its output times the labor's marginal physical productivity.
  b. the marginal value product of labor.
  c. the marginal revenue product of capital times the ratio of the wage rate to the rental rate on capital.
  d. all of the above.

Question 2

Firms must prevent resale between segments using a variety of:
 a. fences
 b. bridges
 c. tunnels
 d. none of the above

[jaykayy05]

Answer to Question 1

d

Answer to Question 2

a

[fnuegbu]

Thanks for the timely response, appreciate it

[cassie_ragen]

Wow, this really help