The value of the marginal product of labour is the
A) price of the output times the wage of labour.
B) price of the output times the marginal product of labour.
C) value of the output of all units of labour employed.
D) wage of labour times the quantity of labour.
E) wage of labour times the marginal product of labour.
Correct Answer:
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Q5: A factor exhibits diminishing marginal productivity if
Q6: At least some of the difference in
Q7: If there is a difference in wages
Q8: If a factor exhibits diminishing marginal product,
Q9: If there is an increase in the
Q11: An increase in the supply of capital
Q12: Competition will tend to eliminate discrimination in
Q13: An increase in the supply of labour
A)
Q14: What will a decrease in the supply
Q15: Figure 1 Labour (number of workers)
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