Suppose the current market wage rate (w) is $4. In the short run, a fi

Suppose the current market wage rate (w) is $4. In the short run, a firm’s marginal cost at the current output level is $2. What is this firm’s marginal product of labor?

A) MPL = 0.5
B) MPL = 1
C) MPL = 2
D) MPL = 8

ANSWER

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