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    Economics Study Set 10
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    Exam 26: Factor Markets With Emphasis on the Labor Market
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    A Measure of the Value That One Unit of a Factor
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A Measure of the Value That One Unit of a Factor

Question 132

Question 132

Multiple Choice

A measure of the value that one unit of a factor adds to the firm's output is value __________ product.


A) average
B) marginal
C) variable
D) fixed

Correct Answer:

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