Ask Question
3 March, 13:57

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

+5
Answers (1)
  1. 3 March, 14:47
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers