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    Question

    Find the value of Lerner index if P=10 and MR= 5

    A 0.50 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 1 Correct Answer Incorrect Answer
    D 50 Correct Answer Incorrect Answer
    E 5 Correct Answer Incorrect Answer

    Solution

    Lerner Index = (P-MC) / P Also, MR = MC for optimal output. So, Lerner Index = 10-5 / 10 =0.5

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