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    Exam 11: Output and Costs
  5. Question
    The Average Product of Labor Is Equal to the
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The Average Product of Labor Is Equal to the

Question 492

Question 492

Multiple Choice

The average product of labor is equal to the


A) total product divided by the total number of workers hired.
B) total number of workers hired divided by the total product.
C) slope of the marginal product of labor curve.
D) Both answers B and C are correct.

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