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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
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    What Is the Average Product of Labor,given That the Level
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What Is the Average Product of Labor,given That the Level

Question 120

Question 120

Multiple Choice

What is the average product of labor,given that the level of labor equals 10,total output equals 1200,and the marginal product of labor equals 200?


A) 20
B) 120
C) 6
D) 2,000

Correct Answer:

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