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MP_L Multiplied by P_X Is the ________, Where L Denotes

Question 186

Multiple Choice

MP_L multiplied by P_X is the ________, where L denotes labor and X denotes output.

A) cost of a marginal unit of labor
B) value of labor's marginal product
C) marginal revenue of a unit of output
D) marginal cost of a unit of output

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