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    Principles of Economics Study Set 8
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    Exam 18: The Markets for the Factors of Production
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    In Order to Calculate the Value of the Marginal Product
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In Order to Calculate the Value of the Marginal Product

Question 218

Question 218

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In order to calculate the value of the marginal product of labor, a manager must know the marginal product of labor and the wage rate of the worker.

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