Solved

When We Calculate the Marginal Physical Product of Labor, We

Question 83

Multiple Choice

When we calculate the marginal physical product of labor, we assume


A) all resources increase proportionately with the quantity of labor
B) all other resources are held constant (are unchanging)
C) output is fixed (unchanging)
D) the wage rate is fixed (unchanging)
E) the prices of all resources used in production are fixed (unchanging)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents