Assume that labor is the only variable input and that the payment made to labor is denoted as W. The marginal product of labor can be stated as
A) (W) × (MC).
B) W/MC.
C) MC/W.
D) TC/W.

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The Answer of Assume that labor is the only variable input and that the payment made to labor is denoted as W. The marginal product of labor can be stated as
A) (W) × (MC).
B) W/MC.
C) MC/W.
D) TC/W.

Assume That Labor Is the Only Variable Input and That