Average product of labor is total output per unit of labor.
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Q242: Because of increasing sales at Dylan's Bakery,
Q243: In the short run, output is referred
Q244: Average product is equal to labor divided
Q245: Hiring additional workers always causes output to
Q246: Average product is defined as the total
Q248: A worker's marginal product is the increase
Q249: If hiring Joey causes average product to
Q250: A firm faces diminishing marginal returns when
Q251: Firms should not hire another worker if
Q252: Diminishing returns cannot occur if additional workers
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