Marginal revenue product of labor for a competitive seller is
A. equal to the marginal product of labor multiplied by the output price.
B. the marginal revenue of the product multiplied by the output price.
C. the change in total product from hiring one more worker.
D. the output price multiplied by the quantity sold.
A. equal to the marginal product of labor multiplied by the output price.
B. the marginal revenue of the product multiplied by the output price.
C. the change in total product from hiring one more worker.
D. the output price multiplied by the quantity sold.
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