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Which statement is true?
A) Productivity is input per unit of output.
B) The MRP curve for the perfect competitor is steeper than the MRP curve for the imperfect competitor.
C) The firm will hire workers until the wage rate and the Marginal Physical Product (MPP) of the last worker hired are equal.
D) Relative to the U.S.economy,the Chinese economy is more labor intensive and less capital intensive.
On May 11, 2024