If this game is played once, then
a. Firm A will charge a lower price and firm B will charge a lower price
b. Firm A will charge a higher price and firm B will charge a lower price
c. Firm A will charge a lower price and firm B will charge a higher price
d. Firm A will charge a higher price and firm B will charge a higher price
Question 2
The marginal physical productivity of labor is defined as:
a. a firm's total output divided by total labor input.
b. the extra output produced by employing one more unit of labor while allowing other inputs to vary.
c. the extra output produced by employing one more unit of labor while holding other inputs constant.
d. the extra output produced by employing one more unit of capital while holding labor input constant.
Muscles of the lower extremity.
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