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    Principles of Microeconomics
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    Exam 7: The Production Process: the Behavior of Profit-Maximizing Firms
  5. Question
    The Formula ΔQ/ΔL Represents
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The Formula ΔQ/ΔL Represents

Question 266

Question 266

Multiple Choice

The formula Δq/ΔL represents


A) total product.
B) the average product of labor.
C) the capital-to-labor ratio.
D) the marginal product of labor.

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