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If the Cost Efficiency of Labor Equals 2,then

Question 22

Multiple Choice

If the cost efficiency of labor equals 2,then


A) Labor costs 100 percent more than the revenue it generates.
B) The wage rate is 100 percent more than the product price.
C) Each extra dollar spent on wages returns 2 units of additional output.
D) The product price is 200 percent of the wage rate.

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