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Which of the Following Describes the Marginal Product of Labour

Question 67

Multiple Choice

Which of the following describes the marginal product of labour?


A) the increase in labour necessary to generate a one-unit increase in output
B) the increase in output obtained from a one-unit increase in labour
C) the additional profit created with a one-unit increase in labour
D) the additional cost created with a one-unit increase in labour

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