Multiple Choice
The marginal product of labor (MPL) measures ________.
A) by how much labor increases for each additional unit of output
B) by how much labor increases for each additional unit of capital
C) by how much total factor productivity increases for each additional unit of labor
D) by how much labor increases for each additional unit of productivity
E) by how much output increases for each additional unit of labor
Correct Answer:
Verified
Correct Answer:
Verified
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