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The Economic Concept of Value Refers to Cases in Which

Question 5

Multiple Choice

The economic concept of value refers to cases in which:


A) The administration of a company determines the wage.
B) The wage is determined by the average value of the inputs, such as skill, effort, responsibility, etc
C) The wage is determined by collective agreements.
D) The wage is determined by the additional output produced by the marginal worker.
E) The wage is determined by the value output produced by an additional unit of labour.

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