The marginal product of labor (MPL) measures ________.
A) by how much labor increases for each additional unit of output
B) by how much labor increases for each additional unit of capital
C) by how much total factor productivity increases for each additional unit of labor
D) by how much labor increases for each additional unit of productivity
E) by how much output increases for each additional unit of labor
Correct Answer:
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A)by
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Q33: Diminishing marginal product means that _.
A)when adding
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Q36: The marginal product of labor (MPL)can be
Q37: As the capital stock increases,_.This means that
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