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The Value of the Marginal Product of Labour Is Calculated

Question 66

Multiple Choice

The value of the marginal product of labour is calculated by multiplying the ________ by the ________.


A) wage rate; price of a unit of the output
B) total product; wage rate
C) marginal product of labour; price of a unit of the output
D) quantity of labour; wage rate
E) marginal product of labour; wage rate

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