Question
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The marginal product of labor is: a) the amount of output that...
The marginal product of labor is:
a) the amount of output that can be produced by a given amount of labor
b) the ratio of output to the number of workers used to produce that output
c) the change in total product resulting from an extra unit of labor, holding other factors constant
d) equal to the marginal product of labor when the average product is increasing
Answer & Explanation
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