Multiple Choice
Marginal product of labour is the increase in total product that results from a
A) one-unit increase in the quantity of labour employed, other inputs remaining the same.
B) one-unit increase in the quantity of fixed inputs employed, holding the quantity of labour constant.
C) one-unit increase in both the quantity of variable and fixed inputs.
D) change in the cost of labour.
E) 1 percent change in the quantity of labour and the quantity of capital employed.
Correct Answer:

Verified
Correct Answer:
Verified
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