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    Principles of Microeconomics
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    Exam 7: The Production Process: the Behavior of Profit-Maximizing Firms
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    If We Assume That Labor Is the Only Variable Input
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If We Assume That Labor Is the Only Variable Input

Question 44

Question 44

Multiple Choice

If we assume that labor is the only variable input, the slope of the short-run ________ curve measures the marginal product of labor.


A) average product
B) marginal product
C) total product
D) total cost

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