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The Marginal Product of Labor Is the

Question 27

Multiple Choice

The marginal product of labor is the


A) change in output resulting from a one-unit increase in labor with all other inputs remaining the same.
B) maximum output attainable with fixed factors of production when labor is the only variable factor of production.
C) output level above which the slope of the total product curve falls.
D) output level above which the rate of total product per unit of labor falls.

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