The marginal product of labor is equal to the
A) total product divided by the total number of workers hired.
B) increase in the total product that results from hiring one more worker with all other inputs remaining the same.
C) slope of the marginal product of labor curve.
D) None of the above answers are correct.
Correct Answer:
Verified
Q31: In economics, the short run is the
Q32: Which of the following statements is CORRECT?
A)
Q33: The marginal product of labor is the
Q34: Marginal product is
A) the increase in output
Q35: In the long run, a firm can
Q37: When the total product curve is drawn
Q38: In the short run
A) the size of
Q39: Most total product curves have
A) first increasing
Q40: The long run is distinguished from the
Q41: 
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