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08-12-2017
Business

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Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 78 units. if the product sells or $6 per unit in a purely competitive market, the mrp of this additional worker is

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ahmedishaal ahmedishaal

21-12-2017

The MRP of this additional work is "$36".

labor increases total output from = 72 to 78 units
= 78 - 72 = 6
$6 per unit in a purely competitive market
MRP = 6 x 6 = $36

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