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Question
When 4 units of labor are employed, total product is 6 units; when 5 units of labor are employed, total product is 9 units of output. If the price of output is $5 per unit, what is the marginal revenue product of the 5th unit of labor?
A) $3
B) $5
C) $15
D) $45
Answer
This answer is hidden. It contains 1 characters.
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