Flashcards: Marginal Revenue Product of Labor MRP

The following question will refer to this table:

Screen_shot_2014-03-02_at_6.59.59_pm

If the wage paid to labor is $8 and the price of each unit of output is $2, how many units of labor will be hired?

one

five

two

four

three

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Our AP Microeconomics Flashcards each contain one question that might appear on the Microeconomics section of the AP. You can use them to get a comprehensive overview of each topic covered by the AP Microeconomics section one problem at a time, or to do problem drills that focus on particular problem types or content areas found on the AP Microeconomics section.

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